Our directors keep iterating that our investment is a long term play
Surely it is, for the dividend paying gains, that is.
But a short term one as well, one has to say.
The share swaps prior to the 3B issues were a dead give away that a major pump is in the making come out news for Monash, ALDP or India.
It must surprise several of our regular posters who have called the 6 mil dollar issue to Monash as being well and truly dusted. It apparently is well alive with an issue price of 2 cents which will see our options in the money instantly.
The options trading lately is a further indicator for the option conversions being a target. After the large players got set, the smaller traders now take positions.
It is in Monash's and management's interest to see the options in the money as it derisks Monash's position in financing the CDP.
ESI Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
