RE: RE: gun shy buyers now It takes a real talent to take what should have been good news (the independent evaluation for IMC now being complete, leading to completion of dd in the first week of July) and turn it into such a confusing NR (a further 60 days, leading to a possible inference that the evaluation has IMC doubting the deal and needing a further 60 days to think it over).
BombVark, I agree that a careful reading of the NR could lead to one believing the July 3rd dd completion was still on track, but to suggest that only someone with less than "half way intelligence" would see the other possible interpretation, in my opinion, is not a correct summary of what happened. There were clearly two possible interpretations possible with that NR. I took the same interpretation you did and I didn't sell anything, anticipating yet another correction NR this morning. Still only 1/2 of the loss (.08 lost and now .04 recovered) has been recovered thus far. Yes it will all be recovered soon enough, but that momentum would have been better spent pushing the s/p above the .26 where it was at before this messy NR was released.
Now we just need to move past the NR and focus on the firming up of the offtake next week. The focus needs to be forward thinking (glass half full), and not backwards bashing of share holders. There really is great, great news coming out next week with the IMC offtake being firmed up. The stage is set to get this s/p into the .30's in the next few days.