Looking pretty good today. SP and volume are definitely stabilising looks like the shorter's are slowly
closing their positions too.
Picked up a
buy recommendation today from Philippe Bui, Medallion Financial Group @ thebull.com.au
Short to medium term positives:
- Potential resolution on the APDC 'circus' now most legal avenues have been taken. I doubt TGP want to stick around for the long haul.
- Bigger signups for M2 will happen. Would say we're waiting for allocations to be fully utilised by existing M1 customers before they take the jump over.
- S2 set to open.
Mid-Long term positives:
- P2 set to capture next mining investment boom.
- Potential for $500m+ p.a. revenue by 2022 if current 25-30% growth rates are maintained.
- International expansions (Singapore, Auckland)?
(20min delay)