DH
Personally, I prefer company management that has an inward facing view of running the business rather than an outward facing view of appeasing shareholders.
In the end, all that matters are sales. ASX releases are not going to build sales.
They are in a competitive market, and they are not going to release information every time they make a deal! Only day traders succeed with regular news flow - it provides volatility and volume.
The share price will go up when they have increased sales. Announcing information about potential deals would certainly make the price go up in all likelyhood - however this would be a spike in the current market that would then drop back down to the same levels or lower. That's great if you are looking to trade the swings, but pretty poor if you are a long term holder.
We all love to see shares move up quickly - although right now the share is up 60% in a month - pretty good in the current environment!
With different announcements in the first 6 months this year, the share could have managed to stay above the current level. However, the placement is now done, they are cashed up and they are working at building a real company - not just an ASX ATM to pull money out of shareholders at will.
The only thing that matters in the long run for the company is actual sales. "Potential" figures just don't stack up in the current market. The announcement released last year on Mexico that led to a sharp increase would be nothing more than a fart in the wind in the current marketplace.
So - I want to see real sales, not a sales pitch.
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