GREY:PGDIF - Post by User
Comment by
mill44on Aug 04, 2017 7:54pm
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Post# 26550138
RE:Where will it go now ?
RE:Where will it go now ?What is short term for you? The rights are very short lived, done in 5 more trading days. Maybe some people will shy away from them because of the 3-day settlement, but some brokers might start to liquidate the unexercised rights by the end of the week. Will it affect the SP?
Lots of resistance above 16c, but also lots of news in the next while. How much will Sprott end up with? What's under 300m? What are the Friedlands' plans for money next? The longs will breathe easier with an SP over 20-21c, but only a close over 31c would mean that the trend has changed. If you believe in it in the long run, forget about short term. It is still not clear that the light at the end of the tunnel is not the train. There are sings that sentiment has changed, but nothing conclusive yet. The week of the 15th will provide lots of clues about that.