News Flowwhat I would like to see is a steady news flow after the tax loss deadline, the main reason is I do think there will be a flood of shares from retail that will keep a lid on any rally.
I think the board agrees that flow through shares are now gone, 12 million traded before the most recent news.
Deadline for tax loss is actually December 24, think that is later than some other years, see:
https://www.canaccordgenuity.com/Documents/en-ca/Tax-Loss%20Selling%20Strategies%20-%20December%20Deadlines.pdf
and look at the right column under key dates. Dec 24, wouldn't that be ironic, good diamonds for Christmas.
I dont think it is reasonable that they will wait that long, but that is roughly only 3.5 weeks away.
We know that diamonds are being sorted for 3 domains now, I know I can wait, but I doubt if management will.
If they don't, I will probably sell off what I can return (rights) and keep my position the same
If management waits till after the deadline, I think that would be positive and most retail shareholders would be willing to see this to the next step with an increased position and not flood with sell orders, and maybe the 12 million waiting in the wings between 12-14 cents will move north, and THAT would be significant in my opinion. I disagree with oiltars call for news now on SI, I am willing, and I think most longs are also, to wait another 3.5 weeks, let see if management does/can, that would take the sting out of this unexpected early financing.