add to that, hot explorers can cool just as quickly. thats a lottery based on how soon you jump in, and if you get out before the music stops. They spend years exploring, trying to become a developer, traders have their fun. the mugs are the longs in those cases who get diluted, to no end. And how many actually ever produce a thing?
Well, on the other hand you have SBB a profitable business here and now, that should in short order return to 20c, and look forward to steady growth year on year. Dividends.
This is a 3x ground floor opportunity as i see it. With another 2x on top of that if you want to hold a year or so.
There is a well established market that chases dividend yeild, and akin to that, one that prices forward earnings growth, on a PE basis.
As they get some brokerage coverage watch out above for a fast moving rocket.
This just needs a larger market to wake up to it.
I didnt know a thing about it 3 weeks ago.
This may just be a clever means of enabling money to flow out of China, and into Australian residents hands.
Emerging market, growth opportunity.
As always DYOR, and if in doubt contact the company for further clarification.
SBB Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
