I dont see a hostile takeover being successful, you have suggested the same scenario a number of times and it has never come to anything even when the shares where in the low 30 cent range for a long period of time.
The Bursa has demonstrated at least twice that the price can rise rapidly and the ASX has followed although maybe lagging a couple of days behind.
Fact is we have 6 furnaces out of a total of 18 in production and no company is going to see the sp go gangbusters given that. I am confident prices are high for some considerable time and that between now and the end of the calendar year most if not all of the furnaces will be up and running assuming the vaccine rollout in Malaysia continues at its current pace.
I believe that is when we will be the full benefit of the secondary listing and I for one am prepared to wait for that.
I see little evidence of extensive shorting on shortman and when good news comes the bursa will not be held back by shorting on the ASX.
Just my opinion
OMH Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
