IMO currently the ASX still tends to follow the NYSE up and down, though often by a lesser % swing. It will be interesting to see how the ASX reacts this year if China/India continue to power ahead and the US stagnats.
The last couple of years the ASX has moved sideways, while small/micro cap mining stocks have on the whole had strong SP gains. It would not suprise me at all if SDL's SP continues to be increasingly linked to project milestones rather than movements in the broader market. Especially if the finnacial partner is Chinese, which seems to be the likely outcome as CITIC is arranging the finance.
Latest research reports have a $0.75 to $0.80 price target this year. This could well be exceeded if the financing deal is on favourable terms regarding the dilution of equity.
IMO currently the ASX still tends to follow the NYSE up and...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)