No time to write in length today - taking family to Harry Potter in a few minutes and that's much too important to miss.
Just thought I'd flag up the firmness in Stratex recently which seems to have no obvious drivers in terms of RNS statements or volume.
I find this firmness quite interesting in view of recent developments
1) Anglo Ashanti taking a direct stake in STI
2) Centamin bidding for Sheba who are Stratex's JV partner
Is it random movement or something linked to the above?
Just asking.
I have been building a stake in STI for a while now and think that the recent firmness in the SP is down to Kairos slowing down their selling as I think they have been forced sellers for a while. This coupled with the whole of the Ethiopia region coming onto more peoples radars as some of the majors try to get in at the start.
The CEY bid for SHE is interesting as STI exercised their warrants in a RNS today.
http://www.investegate.co.uk/Article.aspx?id=20110715102326M1036
