Todays ActionLooking at the sales today it looks like the Alpha shares were sold down by the houses. Very large volume for AMW. This intern dragged FCU down with it. They give up the AMW spinco but now that can take that same capital anf buy FCU at a discount and still recieve a spinco in being 3.0 now. So just trading one spinco for the other while still keeping the main play.
Just a guess, but if true I suspect that between Tomorrow and the 6th you will see a drive up in volume and SP of FCU (or at some point near the end). Spinco still available. If then this will drag up the SP of AMW as well.
Then when the 9-10th hit who knows, a whole wack of float out there. Still in the wind is the assays to come out. Will they be released after all complete?
The holes left to release will add many pounds to the analysts models that use just assays, then the ones that use the potential model will have theirs as well. If new reports are out after this can affect the price as well. Still waiting for Raymond James to publish, many more comments in the coming weeks. Including I expect an official winter program NR.
Any other comments welcome.
Cheers
Presclubs