Hi donedeal,
You are correct, there have been so many opportunities in the past 2 years to buy the stock at cheaper prices, but I believe we are very close to the bottom.
Do I see price going further?. For sure I do, but for now, I think 0.23-0.25 is the med term support. If deal is delayed or cancelled then possibly 0.13-0.15 is on the cards which is 100% extention of (0.4-0.265).
Or to close the gap at 0.18 which is also 63% extention of 0.4-0.265.
Unfortunately that is the market. Most of the time it doesnt get right.
I think the mngt is in bed together with hanglong in favor of china.
If we get a new mangt, cancel the deal, get a new cornerstone investor then the whole thing will change and a rerate of the company should see it through to production.
It is sad to see mngt favors china over shareholders, but that is life.
If mngt wants to sell the project to china, then let it bet. Though a lot of us wont be happy to see the company stolen from us.
Cheers
Bouhr
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