Why is the Hainan completion a relevant milestone? Why would this have a material or lasting impact on the shareprice? The company told us yesterday no new deals are expected until eoy 2018 and a 40% chance not even then). They basically acknowledged Sinopec is not the short to medium term cash cow they led us to believe (and which underpinned their spectacular growth forecast and revenue projections)
If there are no more deals to be signed in 2017 or maybe 2018 (40% chance) where is the next catalyst for a share price rerate? Where is our revenue coming from? Who will we pay the bills (for our executive salaries and 'swanky' new corporate digs etc)
The announcement yesterday was disastrous and the outlook seems bleak to me. I sold down my holdings this morning and will look to offload the remainder on the off chance theres a bounce above 7c (hopefully the Hartley's boys can work their magic on another p&d)
Why is the Hainan completion a relevant milestone? Why would...
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Mkt cap ! $7.459M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
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