RE:RE:RE:RE:RE:RE:RE:MacroIt's the ebbs and flows of the market: yesterday we saw two steps forward and next week we should see one step back closer to $2 to form a new base. Doesn't make sense to fight upwards momentum. Once the day traders realize we are at least two months away from a buyout they'll get bored and move onto the next hot thing.
Possibly what lit a fire was a Wainwright report released yesterday that indicated a $4+ target price. Which, considering the gold bull market we are in is very tame for a target. Anyways, the crowd rolled in and once the momentum cools they'll leave.
Here is the elephant in the room I haven't seen anybody mention: Would RIO want to buy us out now and then sit and pay dividends to us for X amount of years before Casino is up and running? I get that the longer they wait the higher the price goes. Seems like there will be opportunity costs either way you slice the cake. Who ever said life was simple, eh?