Post by
ol_griz on Nov 19, 2020 10:41am
Settle down
Tomorrow is the first of two possible PP closing dates.
The impatience here is quite amazing. Nothing has changed. This shouldn't even be discussed before tomorrow evening and then only for a bit of mutual commiseration over the delay in achieving a price bump. If the Dec. date passes, then we can probably kiss the money goodbye and go back to assessing the co. on its own merits, which is what we should be doing anyway.
I am not denying that this has impacted the SP, but I don't feel it reflects on management.
Comment by
Torontojay on Nov 19, 2020 11:27am
Well said I agree. The pp is like having ice cream after dinner but there is no nutritional content in the ice cream. The meat and potatoes from dinner is what will keep you going.
Comment by
Ciao on Nov 19, 2020 12:04pm
The market is telling us that people don't believe the PP will close this Friday. If it doesn't, then unlikely to close by Dec. 2nd. The uncertainty has put a hold on the share price for a few months now, it was on a steady trajectory, and would have been at $1 already based on the upward trend.