GREY:XEBEQ - Post by User
Comment by
Resilience19on Sep 10, 2020 9:04am
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Post# 31532206
RE:Sideways move until end-September
RE:Sideways move until end-SeptemberAs stated 18 August and still relevant today:
Resilience19 wrote:
A huge amount of news is in the pipeline BUT I think delays in announcements will lead to sideways movement over the coming month and a half. Some headwinds to the SP upwards movement includes delayed TSX graduation, now plan for Q4, C-19 driven delayed M&As, delays with Alberta LOIs confirmed as contracts. Parallel to this ongoing C-19 economic uncertainties, not helped by yesterday's Finance Minister's resignation, a likely 2nd C-19 wave, US elections etc all create short-term headwinds. So, yes, the SP has a high propensity of reaching $7.50ish by years end, but macro challenges are likely to hold back Xbc's momentum in the near term. Patience.