I largely agree, jarl, but for the share price to increase there have to be buyers, and for there to be buyers there need to be people who know that Mikoh exists. Now that Richard Sealy has presumably got the fundraising sorted out, as well as the strategy, he should be out there visiting brokers and institutions and telling them the Mikoh story. Perhaps he should be speaking to BRW and the business press more generally to get some publicity, also. Without potential investors knowing that Mikoh does exist, and is undervalued, there will be few buyers other than those already in the stock, hence the seller who don't want to wait for the longer term will continue to sell because gains can be made elsewhere.
Of course, another decent contract would help, because the company is still, to many, a one-trick pony, and if there was some problem in Thailand then the share price could drop as quickly as we all think it should rise.
MIK Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
