Dreams are free mate. You put your order where you like....

First 19 Last

Share
Profile

Follow
Oscar09

27,147 Posts.

1344

24/02/17

22:46

Post #: 22895426
Share

Originally posted by asb83 ↑

The reality is that if the status quo remains it'll be a sub 10c stock in 12 months' time. They've had their chance. Spent over $30 million and have little to show for it. It's almost comical reading their quarterlies with the same nonsense quarter after quarter.

I'm going to put a token 10-12c buy order in on the chance that it tanks hard on Monday. There will be people now who want out regardless of price. It's almost a sure thing that Merchant will submit another board spill shortly. Their fund has to frequently report to their holders on all of their holdings and with over 10% of their funds tied up in 1PG (they can now only sell in a short window after a financial result), they wont be sitting mute for long.

Expand

Dreams are free mate. You put your order where you like.

Merchants will be buying around this level to go forward , not selling. Imo (to get a larger share and protect their existing stake)
This is nothing as dramatic as you try to make out. It's priced for what it is, an early stage business struggling for traction and a massive pile of cash which could make another massive pile of cash each year if they make the switch. See how we go !

Last edited by Oscar09: 24/02/17

1PG Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Almonty Industries – Now it is getting critical!

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

RML

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

First 19 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Dreams are free mate. You put your order where you like....

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Almonty Industries – Now it is getting critical!

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

Many are concerned about global falling birthrates. This diverse stock has solutions

Featured News