M8S m8 sustainable limited

Ann: Director Resignation, page-32

  1. 15,420 Posts.
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    context in all things. they only IPO'd for 20million bucks and current MC at 9 million, so while I agree chart looks horrible, that's a pretty common swing in spec land... 50% swings being the norm when you immediately go into development/building the actual money earner and the cap raise that dilutes.

    Also not sure a two year chart in spec world is much help from a technical perspective. At worst maybe 12 months and only if its super gappy. support was/resistance now 1.9c....once broken it'll be driven by the numbers as the drift downwards has been on illiquidity and bugger all volume...biggest trading day in the company's history was $400k exchanged, chicken feed.
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    this one will be driven by fundamentals imo. I imagine that the permits for gin gin are worth more than current MC noting the pain in the arse the EPA is these days. I wouldn't be shocked if cleanaway came in with a low ball take over bid for Gin Gin once operational.

    just my musings though.
 
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