refer to the announcement, even if OMH had the Money for the SPA now, there are still process and approval to go through.
as usual, based on the observation, the sp pull down is operated at start, and trader follow to sell, and retail sell to protect capital
gray area (maintenance, spa ongoing,fed rate etc) and market sentiment give advantage to operator.
i havent see any big buy from instituition yet, at least not KLSE OMH.
i am looking at a slow rebound in July, slowly back to 90c, then follow the release of June prod update (should still good, maintenance not yet start), sp side way abit, then hopefully with announcement of 1H financial couple with transaction of SPA complete, should at least send sp above Aus 1 dollar.
refer to the announcement, even if OMH had the Money for the SPA...
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45.0¢ |
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Mkt cap ! $344.8M | |||
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