wegian,
SMA has been "struggling" in the very treacherous Chinese market for over a decade.....We can comfortably say it is a veteran player with a distinctive edge over newcomers....Mistakes made & valuable lessons learnt.
It now seems to have established a solid base for growth.
It has achieved a couple of milestones necessary to do business in China.....1) have local partners...2) Bill via Chinese institutions......Otherwise the venture is doomed to fail.
Geoff Raby & Ian Tang are most welcome addition to the board.
Zhenya's involvement is also reassuring (he invested $700Ks....He is far from gullible)
The resignation of John Forsyth bodes well for good governance & accountability.
It is only in the last couple of years that SMA is getting its act together.....It is some achievement to establish a foothold in a market not renowned for being welcoming to foreign enterprises...let alone a miserable one always strapped for cash......A very tiny slice of this gigantic cake is well worth a punt.
One last observation....SMA is in a very bullish sector ....Have a look at MBE ,MKB ,MNW ( I hold all of them...Not promoting any).....Just examine their chart patterns ....Never ignore a bullish sector just waking up from a decade long sleep.
Some are complaining about lack of profits or slow progress....In the meantime they are comfortable "investing" in penny dreadful/wealth destructive resources outfits.....To their eyes some dogs are prettier than others.
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $30.44M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $11.33K | 63.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 71347 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 52656 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 71347 | 0.170 |
1 | 50000 | 0.165 |
1 | 50000 | 0.160 |
2 | 17384 | 0.130 |
1 | 37000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 52656 | 2 |
0.190 | 50000 | 1 |
0.195 | 25000 | 1 |
0.200 | 2632 | 2 |
0.210 | 50000 | 1 |
Last trade - 13.25pm 09/09/2024 (20 minute delay) ? |
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