Banking Syndicate Approval - What has changed since?, page-26

First 26 Last

Share
Profile

Follow
tracer

389 Posts.

26/09/16

22:19

Post #: 19433561
Share

Originally posted by Ausbert ↑

I do not think current shareholders may benefit from considering other options at this juncture. As I posted in the morning, every time SP touches $0.38, it bounced back nicely over the last six months period. SP has been fluctuated between mid 30 and mid 60 cents range. If that pattern continues, current holders may see at least 50% gain from the current price. Now, AGM is getting close, 50% gain may happen within a month. I do not think there are better options for current shareholders particularly if they have to sell at these prices.

By the way, in my view, trading is quite dull at the moment because some strategic players are waiting for the MB CA announcement. I understand that tomorrow is the deadline for those who want to participate. Market seems to think that there will be some sort of announcement this or next week. I think those shorters who are waiting to buy back on the day of announcement at lower prices will be utterly disappointed. There are many current holders including myself are ready to purchase any dumping shares, if that happens. I honestly think the SP will increase on the day of MB CA announcement because it removes the last hurdle to the recovery path of SP.

Expand

All I'm saying is shareholders should be agile - complacency and speculation are a poor mix.

SGH Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

TNC

True North increases silver metal at QLD's Vero deposit by 20%

First 26 Last

Add SGH (ASX) to my watchlist

Banking Syndicate Approval - What has changed since?, page-26

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

True North increases silver metal at QLD's Vero deposit by 20%

Featured News