Post by
MaterialsMan on Mar 08, 2024 11:16am
Light volume
Most often, when a company is being acquired at a premium, it results in somewhat of a parabolic move in the SP, accompanied by extremely high volume.
Based on todays activity, it would seem that since the rumored price has been leaked, KRR's share price is considered to be at fair value, which was achieved yesterday.
If the deal is agreed to and the value of the scheme (that's what they call it in Australia) increases, then the parabolic move won't come until the markets reopen next week. Of course that would depend on how much was offered.
IMO, no matter what happens, there will still be a possibility of price appreciation in KRR's SP as long as the price of gold stays strong, and the SP of RMS increases in accordance. Those are pretty big if's.
I guess it comes down to selling today or keeping our fingers crossed.