There seems to be a lot of stuck traders in this atm so I think what we are seeing is them getting out once the break at 18c didn't materialise. Mix in a bit of clever accumulation and so on and we have a drop today.
I am certainly not concerned and went through the same thing with CYP around 40c once they announced their non-binding agreement with Fuji. Got messed around with at 40c for a few weeks while most were left scratching their heads and then once the path was cleared and traders were gotten rid off it went to 80c in good time. Still sitting at 73.5c now. Made very good money there and it's the same with this one. Be patient and accumulate when you can. Honestly deals don't come along like that everyday, CYP haven't even got theirs to a binding agreement yet and we don't know the details.
RGS Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
