Oh dear you have some money to lose and lessons to learn yet....

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pedrobolony

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16/10/20

20:25

Post #: 48162206
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Originally posted by sabine: ↑

... but it seems Dynamic backed further than it needed to into this ‘back test’ cul de sac ?

And my enthusiasm was such I talked myself into buying another clutch of shares.

And now, based on the technical close, I am not sure this was cause for celebration.

Has it backed too far ?

I know the close was only 2c under the 61.5c line in the sand but experience has shown me that - rather magically -these things matter.

......So maybe the ‘immediate start’ for new fitters does not automatically imply a big dossier of new contracts will be signed off on this weekend and there might be better bargains here next week but still - and more for my own peace of mind than anything else - here is another story about the company which had not been posted yet;

the whole thing is in the spoiler but meantime some reassuring quotes :

...... “Associated with strong and ongoing growth in the mining and civil sectors, Dynamic says it has seen a surge in project opportunities and plans to use funds from the initial public offering (IPO) to grow its fleet and provide working capital to tackle a strong tendering pipeline.
The company was founded in 2011 and, since 2018, has been on a rapid growth path following a strengthening of the balance sheet and the introduction of new strategic investors, including current Executive Director, Matt Freedman, a major shareholder.....”

.. “It has been an exciting period for Dynamic,” he said. “As a founding member, I have seen first-hand the incredible transformation of the business since 2018.

We are now preparing ourselves for the next phase of growth.....”

https://im-mining.com/2020/07/06/dynamic-drill-blast-looks-growth-asx-ipo/

Spoiler: July

Cheers

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Oh dear you have some money to lose and lessons to learn yet. Good luck nonetheless

DDB Price at posting: 59.5¢ Sentiment: None Disclosure: Held
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Last 23.5¢		Change 0.000(0.00%)		Mkt cap ! $32.67M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	50000	21.0¢

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Price($)	Vol.	No.
24.0¢	4166	1

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No.	Vol.	Price($)
1	50000	0.210
1	25000	0.200
2	85128	0.195
1	13157	0.190
1	100000	0.150

Price($)	Vol.	No.
0.240	4166	1
0.255	3921	1
0.280	773000	4
0.290	20000	1
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Oh dear you have some money to lose and lessons to learn yet....

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Oh dear you have some money to lose and lessons to learn yet....

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