OTE 0.00% 0.3¢ otis energy limited

Ann: Sale of Responsible Entity Business , page-6

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  1. 412 Posts.
    I don't particularly think there is too much downside risk from here. 1.3c seems to be pretty good support level for some time. The sale of Lowell Capital should bring another $700k which should bring cash up to $4.5mil I think. That means cash backing at 1c. There's been fair bit of buying activity lately which to me suggest that there is some accumulation is going on at these levels. Director bought some stock about a month ago at 1.3c. Something is going on on the back ground. Obviously, someone knows something we don't know yet. We'll see what comes to pass but a lot of boxes are being ticked imo.
 
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