Well said from start to finish Cotik, wholeheartedly agree, the moving averages on the hourly look destined to level out at 48c before dipping a bit lower or reversing, for now 48c should be enough to fill the order, save some ammo for a few days from now when the dust settles, JPM could be waiting for an AUD currency dip to reload.
RP, DO you recall / are you aware of what Barricks previous offer entailed; approx percentage of inground value at the time? could be a good starting point to figure out where this is going. OR does anyone have any similar examples of takeovers on a %age of inground value basis. Am I overshhoting the mark to suggest 10% is reasonable?
CRK Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held