I am tempted to do another top up. Very tempted. New CEO just put $200k into it. Big thing though is Goldman Sachs rarely lose in these situations. If they don't want to buy all the shares they will push the price up soon so that retail investors participate. If they do want to buy them all, perhaps some of them are to close out short trades, not sure. Assuming that for the bulk of the shares that is not the case though if Goldman Sachs end up with $122m worth of MYR I would feel more comfortable that the price will rise soon enough. Either way there is a good chance of a short term spike, or if not if Goldman Sachs become the biggest shareholder that is likely to be positive in the medium term for selling opportunities. Unless GS have some sort of private equity agenda.
All imo dyor
MYR Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
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