bounces off 5cents twice

hi guys..

just an opinion

nido has now bounced off 5cents (close enough) twice now.

even after a good announcement the other day (jv with nwe).

so what does it have too do, so it can break through this barrier.????

is the market putting a cap on the share price around 5cents for the time being..????

perhaps another announcement might hit the spot, or if oil prices keep heading north might help.

still very attractive longtime, and very volatile shorterm

as i've said recently i still consider nido high risk, one must take due care..

regards
ps:i tried contacting nido the past couple of days, david has not be available nor charlie. shall try again early next week

trying to find out if the philippines deo have given green light (i couldn't find article as mentioned the other day, plus noone has posted it).