On the 25th of January ODN made the market aware of their expansion plans into Russia.
The SP reached 2.2c. The price had drifted back based on a few things:
1. The market tanked over the last few weeks, all spec plays got hit hard
2. The market is impatient with the delays in signing the deal
The fundamentals have not changed, if anything they have gotten better.
Once the deal is confirmed, I wouldn't be surprised if we get a nice update as well, which should see us trading back into the mid to high 2's. This is short term, next week I'm thinking.
So you can listen to the negativity on here, or use your own intelligence and see how oversold this stock is and make a play.
ODN Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
