For those worried about solvency look at the cash flow statements and balance sheet, not P&L.
Secondly: first half loss$37.9 million, full year reduced forward guidance loss of $22.5million.
Therefore $15million profit for second half.
More directors buying shares in large quantities on market.
In regards to the 200% certainty that one poster mentioned, well firstly you cant get 200%, but even at say 90%, what sought of market premium pricing would the market be placing on that stock, given that level of certainty.
You don't get to buy at these sought of prices unless the market is not being efficient in its pricing. And why isn't the market efficient: because of fear. There is no price for fear.
Hopefully this stock goes to 40c, at this level I will massively increase my exposure (based on current levels) and increase my sentiment to buy.
At the moment I am happy with my $60k position which represents 3% of the my whole portfolio.
- Forums
- ASX - By Stock
- MCS
- going long
going long, page-13
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online