RE: newswhy doesnt stock move?
I'll take a stab at that...all IMO!
1. No doubt its great news but we have no stone valuations. of course, I dont think PE would be highlighting the colored stones and the 50 carat stone (and more importantly submitting the winning bid) if the stones werent of high quality.
2. Much (some, all, who knows) may be captured in the share price already until further info on valuations are known and/or commencement of "Commercial Production"
3.Over the years I have found that MPV is a leaky stock. Which is to say, shareholders are many times the LAST to know about significant events (which is why the info may already be captured in the price for now).
4.I have also observed, over a long period of time (say 20 years), that the share price doesnt necessarily react immediately to news...it sometimes likes to bake the cake first.....do a headfake or somethng first,,,,and then react.