G'day sotirib. Matyd posted that ICN has been put on some small cap recommended buy list and it has brought out over 150 punters wanting a slice of whatever action is in the recommendation. They all want about 20K, so they could be more a nuisance than value and probably bail out with their usual 15% titillation. Unfortunately, matyd did not reveal the source, so we don't know how serious to take them. Just a punters' club or a "reputable" advisor?? Therefore, unable to determine what credibility we can place on that source and the "logevity" of this new spurt of buying.
On an aside, with BOW and ESG soon to come off the "available" list, that certainly must now push ICN up that list. But, noted that all premiums paid for those takeovers has only been around 50%, so, we will need to get a rocket under our SP or we could all be out well below .30 and that would be a bloody disgrace. So, let's see what "management" comes out with.
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