Its a sad state of affairs, instead of rejoicing and looking forward to the new year and growth of the Company and participating in the current market rally we are dealing with the hangover from the AGM.
The Company over promised , most likely due to pressure from the big boys to show some forward looking numbers very early in the peice.
When those forcasts come in at the bottom end of that range it ruffled a few feathers.The bigger players didnt want to hear of potetial revenues they wanted hard numbers, a tough call for a Company that is still in its infancy stages.
Together with the fact that the stock was over hyped on HC, for good reason , many retail holders got long and kept buying dips and now underwater.
Price action has been telling us for a long time that something is a miss, not sure how this is going to play out but the Company needs a major injection of confidence and soon!
Bring on 2017!
AJX Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
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