Thread titles asks: 'what is most likely to happen'? Well i didn't foresee the Nauru govt giving out govt the finger! its thrown a spanner in the works and I've no idea how it will pan out. TSE likely to continue with current contract as everything is renogiated but doubt our immigration minister is happy with Nauru.
I am maintaining a 'low risk' strategy, hence i've spent this morning exiting my long position. Sold half at open and should have sold the lot then but that's how mkts are. Overall, made a 9% profit which is far less than i had anticipated.
TSE contracts will very likely come through. How they will differ from current lucrative setup is the question. If new contract is satisfactory then $1.25 still on the boards.
TSE Price at posting:
$1.12 Sentiment: None Disclosure: Not Held