wegian,
SMA has been "struggling" in the very treacherous Chinese market for over a decade.....We can comfortably say it is a veteran player with a distinctive edge over newcomers....Mistakes made & valuable lessons learnt.
It now seems to have established a solid base for growth.
It has achieved a couple of milestones necessary to do business in China.....1) have local partners...2) Bill via Chinese institutions......Otherwise the venture is doomed to fail.
Geoff Raby & Ian Tang are most welcome addition to the board.
Zhenya's involvement is also reassuring (he invested $700Ks....He is far from gullible)
The resignation of John Forsyth bodes well for good governance & accountability.
It is only in the last couple of years that SMA is getting its act together.....It is some achievement to establish a foothold in a market not renowned for being welcoming to foreign enterprises...let alone a miserable one always strapped for cash......A very tiny slice of this gigantic cake is well worth a punt.
One last observation....SMA is in a very bullish sector ....Have a look at MBE ,MKB ,MNW ( I hold all of them...Not promoting any).....Just examine their chart patterns ....Never ignore a bullish sector just waking up from a decade long sleep.
Some are complaining about lack of profits or slow progress....In the meantime they are comfortable "investing" in penny dreadful/wealth destructive resources outfits.....To their eyes some dogs are prettier than others.
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $27.06M |
Open | High | Low | Value | Volume |
15.0¢ | 16.0¢ | 15.0¢ | $1.187K | 7.488K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60282 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 22198 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60282 | 0.150 |
1 | 347 | 0.145 |
1 | 2000 | 0.130 |
1 | 37000 | 0.125 |
1 | 8000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 22198 | 1 |
0.205 | 9447 | 1 |
0.210 | 50000 | 1 |
0.220 | 16153 | 1 |
0.225 | 2300 | 1 |
Last trade - 14.31pm 02/08/2024 (20 minute delay) ? |
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