Someone else posted that Eddie Sugars main focus right now is AJX and considering that isn't done yet I have no problem believing this.
If you look at LNG that was his sole focus and it was only after that was stable enough or shall we say high enough that he was happy to divert his attention elsewhere
For now it's AJX but that doesn't mean YOW means nothing and is going nowhere
In the past 2 weeks we've been told
1. The company is going to do a US Listing with US Wizz Eddie Sugar
2. The company has landed a very large supply contract with Walmart
3. The company has landed a very large supply contract with Safeway
Given the sheer potential of the stock now and the fact that it is somewhat derisked with these supply contracts to 2 major retail chains it's only a matter of time until we see the US Fund interest
Remember to have a US Lisitng you need a minimum $150m US Market Cap undiluted
which is closer to $200m AUD which is $1.43c and that's the minimum market cap YOW can have to be able to list in the US
To be safe they will want a share price well North of $1.43c to give a buffer zone
I'm happy to wait 6months if I have to but with the US rollout gathering steam and the supply deals now coming in thick and fast I'd be surprised if we don't get $1+ by the end of March
YOW Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
(20min delay)