ODE 0.00% 0.3¢ odessa minerals limited

Ann: Webinar Presentation, page-15

  1. 1,044 Posts.
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    You probably aren't alone and whilst my advice is as far from gospel as you can imagine, my advice would be to sit out the cap raise (as it sounds like you've already enough exposure here) and be patient.

    This stock has been played by some big fish who used it to make probably reasonable sums of money on high volume low price movement shifts but what will make it worthwhile for all of us, is if CR8 can go live with Nationwide with 2 to 3 other bits of positive supporting news over the next 3-6 months.

    If that happens, you'll be laughing, if not (let's say another delay) I can't see it falling much further to be honest. Without being a chart reader, I can imagine there's some pretty reasonable support at or just below these levels (as evidenced by the insto support for the current cap raise).

    In short, don't get involved in the cap raise but sit tight for 4-6 months.
 
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