I think quite a few HNW type investors are already in HMD. The thing holding HMD back at the moment is time. When the next goos announcement hits the market, I'm thinking late August, then we will see a solid increase.
As for TCG's idea of a stock split... I think that the more likely scenario is the other option outlined, a large capital raise. I would hope that the next raise would be north of $10m and preferably over $20m for a material change in manufacturing capacity. I'm at about 3.3m shares now and if we keep pulling back then I'll add more.
I think at the moment, in between announcements, we are around fair value? maybe 23-28c trading range? volumes at the moment are tiny and are just small holders having a punt and a bit of fun. Every now and then I have a win on either Sportsbet or a mining spec and then I buy a few more HMD
HMD Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
