ELE 0.00% 0.5¢ elmore ltd

magna, page-4

  1. 815 Posts.
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    Well I've been in it for less than 5 months and I'm growing impatient so I can't complain haha.

    But from my perspective seems like a mixture of manipulation from Magna, the market having a negative sentiment from the past, and the market waiting to see legitimate revenues - they have a pretty vulnerable cash sheet but their position is just so good for this to not worry me at all.

    Most of these issues are solved with the phase two plant coming around, and once Magnas only left with premium conversion prices then it will be in their interest for the share price to run, so I guess we could see manipulation in the other direction? Or they just take flat repayment. Not entirely sure how that will work, but either way they won't be suppressing it any more.
 
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