Harry
The massive amount of margin calls earlier in the year combined with a massive sell down in small caps based on a fear that Opes Prime might have been holding a stock are not likely to be repeated.
I got a good fill below 30c but it is now a case of just being happy with what you were able to get down there.
The current price of 45c still represents excellent value.
Sure the cheaper the better but don't risk missing the boat. If the thing is going to $1 (I reckon it is), then it won't be a big issue whether you pay 30,40 or 50c.
Management is pretty astute. They have a pretty fair idea what UMC's potential is. Crabb has a lot of his wealth tied up in THX so he will only exit the UMC stake when he's maxed it out.
Steam in Son...
Chinkiat
HarryThe massive amount of margin calls earlier in the year...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.84M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $542 | 91.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 28733840 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 35694023 | 34 |
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| Last trade - 12.59pm 31/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |