My thoughtsWithin the next two weeks we will be well above our 52week high (and I mean well above).
It’s not unusual for lots of selling when $1 hits dropping the price back down. I bet the original plan was hit $1 and release spinco followed by drill results and rock this baby towards $5, maybe more. I suspect that all changed when the MOU negotiations started. Whatever the case, it’s turned out very well with lots of consolidation and we are just a hairs width away from $1. Holders will be much happier having seen the SP consolidate.
We now have spinco, drill results, JV / MOU news and possibly some nice surprises too. We are undervalued from Dyke 1 alone. I hope we can see a strong push towards $5 region in the first quarter of 2018.
Now for the bit I really like to think about. Those that have done their DD will know that what I’m saying can easily happen. A buyout will have to bump the price up past the SP.
I will not make a prediction on a buyout price, there are simply too many variables, but I do know that if we match Nemaska and management have mentioned them many times. We could easily be bigger than them and you do the math on market cap.
Oh and promo hasn’t even started.
Personally I’d prefer a slow and steady rise in SP, consolidating along the way, just like it has done before, but, I think it’s now time to get ready for the fireworks. Volume on Friday really had picked up. Increased volume on a Monday and the SP launches to new much higher highs