OK.. Just had a day off work so managed to look over the report and have a look around the net for further information... Its not as comprehensive as it could have been with regards to finer details on where Manufacturing takes place, initiatives with the WHO etc etc... And the High Low Profit details are confusing, But I'm only a novice I'll have to figure out what they are saying exactly.. Perhaps its in a format that is more suited to the American way of doing things... Much like their units of measurement.. They're on the up side down end of the globe so we can't really blame them.. :) .. Anyway a typo or two and a missed word that I found in their gramma nd sentence structcha is 4givable... That the report will be distributed next week through the east coast of the US via the roadshow it could quite easily attract investors that align their own research to that of the report and start committing up into the fair value range.. 1.13c - 2.86c which would make any purchases at this level a reasonable thing to consider. On top of which we are leading up to an announcement regarding Sri Lanka which, well the Aussie market looks to be recovering quite well from the recent excitement and we could see the Aussie investors erring toward the optimistic side of things.. I've noticed a good deal of announcement hopping going on today and in confident volumes... If the timing is right we might even see some over buying..
The $10.5B waste industry and the $3B sanitary industry is nice little piece of pie if MDV can secure a % of that.
The report was written on the 28th of Feb. Someone raised the issue of it not being announced earlier... Perhaps 2 or 3 days trading notice before the report starts to get circulated is ample time for existing holders or stock watchers to act on that info.. I notice a bit support comming into the 0.005's and a few heads being picked up at 0.006... IMHO, I don't think it would have excited the SP much having the report posted when its was completed 28th feb it is after all just a report but its value to the company is in the circulation of it , I guess what ever entity dropped their load before this last announcement may not have done so had they known of the report and the road show in advance, the market was a volatile sea of red during that sale also which could have contributed to their decision... I don't know I'm just a mug punter...
Obviously all Just my Opinion... DYOR
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