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18/04/18
14:06
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Originally posted by moremoneyplease
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when everything is approved the stock will jump 20% in one day. This is how the mrkt works.
They have fluked the timing re oil price and geopoltical tensions and look at the energy sector today, last week,, SEA has catch up to do - this will not happen until the placement is confirmed because thats when the bank financing is confirmed / underlying funds are revealed etc etc.
If you get a succesful hedge fund buying then these days thats enough for mrkt to jump on and give another 10 or so %.
Good gains are around the crnr but substantial gains will happen if they can execute in the field and oil plays ball - then you talking a nice winner.
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The non-refundable deposits of US$73m have been paid in full.
There's no reason for not approving the deal.