I don't see it being "another couple of years". I could see the government taking a couple of months to sort out the situation left by the president's death, but that's about the upper limit. Assuming that the SML will be granted, I would expect it by the end of June or July, based upon the comments that have been made by the government and Peak in the past few months - even allowing for the president's death.
That's the worst case scenario. Much more likely is that the government was preparing for that contingency, and the SML is delayed by a couple of weeks or so. It's one thing to project a certain image to the general public (which is problematic in itself, I won't deny it); it's quite another to act as though that image is real internally.
I'm fully expecting to see a sell-off in the next few days as the market absorbs the news, but long term, my gut feeling is that this is a last opportunity to top up at (relatively) cheap levels.
But remember: all this is IMO, and I could easily be wrong in my assessment of the situation. Don't just take my word for it.
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21.0¢ |
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Mkt cap ! $55.95M |
Open | High | Low | Value | Volume |
21.0¢ | 22.5¢ | 21.0¢ | $68.36K | 313.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4619 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 163130 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4619 | 0.210 |
1 | 19996 | 0.205 |
3 | 78826 | 0.200 |
2 | 48722 | 0.195 |
2 | 45000 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 141968 | 2 |
0.225 | 21918 | 2 |
0.230 | 36564 | 3 |
0.235 | 113101 | 2 |
0.240 | 20000 | 1 |
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