Current value of oppies is near on zero and the only buyer would be throwing a few hundred at it, like a punter on a long shot.
But what announcement would get us to a modest rise of 33c.. (I would prefer 40c).. as you mentioned that they may have something in the cupboard for Monday.
This time of year before the many Christmas parties (that will be starting this week) traders reduce the risk, so they don’t hold over the holiday season, just in case a war breaks out in their 2 weeks break, or a national disaster, or even trump stirring world powers.
From the broker data that I saw a week or so ago, it showed that retail investors were the ones propping the price up, so to me, for retailers to want to get into hazer, who have either been sitting on the sidelines, or only partly getting in, it would take a significant announcement to bring people into the fold, and there would possibly be a fair bit of selling pressure into anything decent. So the announcement would have to be big to work.
What is it that you think could make it happen?
Low key brought up a couple that could peak some interest, but without a way of estimating an income and a timeframe, and without momentum, for me, it’s rock and hard place stuff..
Am interested in anyone’s response..
The weekends question? What could management release to pull the rabbit out of the hat, and get the options all exercised?
HZR Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held