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tanon

3,161 Posts.

103

27/11/15

11:18

Post #: 16492550
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Originally posted by tanon ↑

SP under pressure because they are not making enough money and imo will probably do another cr.

Problems with design and ramp up of production and no certainty that these problems have been resolved. This is puzzling as I thought it was a relatively simple process.

They have significant backing atm with Toyota etc... so as long as big backers keep the faith they should come through it but not the bonanza that it could have been if the design and ramp up met or exceeded expectations.

Despite all the platitudes, I think small shareholders are just a necessary annoyance for listed companies. Companies list for all sorts of reasons but never so that they can make money for small shareholders - this is a by product if we are smart and lucky.

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Can't buy Mg on the ASX though.

ORE Price at posting: $1.48 Sentiment: Hold Disclosure: Held
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0 Great analysis

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