There seems to be recent news last week on the possibility of Thailand having integrated resorts/casinos in the future. https://www.asgam.com/index.php/2024/01/07/genting-singapore-seen-as-potential-bidder-for-thailand-casino-license/
A lot of volume (relative to its thin normal) yesterday in the price gap down, so maybe determined seller(s) but also buyer(s) prepared to buy into the low-volume stock
Back when DNA was under the previous shareholder Joey Lim he raised the possibility that the current controlling shareholder’s connections in Thailand would assist in obtaining a casino license should casino gambling be legalized in Thailand – “In a March 2017 interview with Inside Asian Gaming, Joey Lim said…in case Thailand legalized casino gambling – Poipet’s nightmare – Donaco would rely on Somboon’s Thai connections to seek a license.” - https://www.asgam.com/index.php/2019/05/10/deconstructing-donaco/
Seems interesting that the DNA chairman is also on the board of Sansiri, which is a leading property group in Thailand...and which the Prime Minister of Thailand Srettha Thavisin founded and previously was CEO of before entering politics.
Also the past comments here on DNA having outreached and invited institutional investors/funds (anyone know if new funds did enter in?) to the AGM, plus the controlling shareholder’s financial support of the company via personal loan instead of a dilutive equity offering at its stock price lows.
Speculative of course but interesting as to what the long-term plans of the controlling shareholder may be, watching with interest
Any thoughts
