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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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $58.61M |
Open | High | Low | Value | Volume |
21.0¢ | 22.5¢ | 21.0¢ | $117.5K | 537.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25138 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 72140 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25138 | 0.220 |
1 | 64327 | 0.215 |
2 | 114284 | 0.210 |
1 | 39024 | 0.205 |
4 | 35000 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 72140 | 3 |
0.235 | 179596 | 2 |
0.240 | 117914 | 3 |
0.245 | 22250 | 1 |
0.250 | 32834 | 3 |
Last trade - 15.59pm 29/07/2024 (20 minute delay) ? |
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