one step back and try again.
For this who think iam too bullish with this stock... here’s my rational.
December 2019, my average was just a little under 7 cents, and i was expecting for ASM to settle with Somboon sometime in Q1. Which would have been a catalyst for share price to jump to 15 cents, with no outstanding legal issues and average profit if around 10mn a year, price equal to NTA seems resonable.
what non of us saw coming was covid-19.. This health crisis delayed our investment plan.. but also gave some of us opportunity to average down further.. on one hand, this crisis rob donaco’s opportunity for share price recovery and profit in 2020, on the other it help eliminate donaco’s weaker competitors putting them out of business as well as restricting clientele from Donaco’s catchment area from travelling to other far away casino..
2 steps forward, 1 step back.. covid only delay our recover by a couple of months.. we’ll be back.
