EXC 0.00% 4.3¢ exterra resources limited

"I think the CR with the groundbreaking announcement was ,well ,...

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  1. 1,957 Posts.
    "I think the CR with the groundbreaking announcement was ,well , not a particularly good look and I'm tipping the ASX pulled the trading halt."

    I think its a brilliant look particularly because of the use of the description of "material"
    My reasoning from experience. Around Sept 2013 I was a large holder of MNW. Next thing at around .09 cents we get slammed with a TH, citing a "material" development for the Company. Not even a mention of CR. We all scratched our heads for a few days. Next thing it comes out of TH with a deal struck with a NZ bank and a CR at .10 cents from memory. The price rocketed to .19 cents that day and went to .80 something cents in the next 2-3 months on massive volume before running out of steam and coming back to earth.

    I think something substantial will be announced and because I think it will be another value accretive move I think it will absorb and negate any negative sentiment that could be attributed to the CR. Of course there are many ifs in my theory.
 
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