GREY:SMBZF - Post by User
Comment by
gostockgoon Sep 30, 2011 2:31am
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Post# 19102444
RE: the Selloff
RE: the Selloffright, if it is due to bad news come out from liberia, sp would drop 4-5cents, we have seen that big block for sell at 11cent for the last few days but no one pick them up so today that block was sold for lower p maybe that seller need cash badly now to cover up lost from other investments, kenya psa alone should worth atleast 8cent so personally i don't worry too much it will drop below that, like i had mentioned before, base on other case it may take up to 3 quarters to get the final psc from the draft once but it will come for sure, the liberian gov has no other choice, if they reject simba they will never find any other company to apply for onshore psc again......
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