Overnight news that the Kazakh central bank has devalued the Tengue by 18% is resolutely positive for the shares.
The last time they devalued the currency (and which so decreases the company’s Kazakh cost base) by a similar value the shares moved up by 11%.
Watch this space… Pre auction opening at 210p. Could see 220-230p and then just be sublimely and ridiculously cheap (in our opinion) instead of stupidly, parallel universely, nonsensically cheap!
We’ll send Mr Odey a new pair of underpants today!!