From the time of the placement, I said this would trade in the 0.2-0.4c range until a deal was done
It has exceeded that, hitting 0.6c
Yet the only thing people focus on is every time it goes back to 0.3c it is end of the world and every lemming with a hair brain idea to contribute comes out of the wood works
They have circa $700k cash last quarter, sufficient capital for 3 quarters of deal sourcing
There is an infinite number of deals looking for a home on the ASX that could be packaged up, pumped and later fail. They haven't secured one yet which leads to me suspect they are only searching for quality deals and hence the time it has taken
From the time of the placement, I said this would trade in the...
Add to My Watchlist
What is My Watchlist?