Hi guys,
I opened this thread to discuss the share price. I expect big movements in share price/volume over the coming weeks as we approach the next operational update (beginning of october ?) and the the quarterly report (end of october).
It seems accumulation at these cheap prices already kicked in and already someone took most of the 10 cents offer. IMO the share price will gradually increase until results are confirmed.
From there on, if results are positive a huge re-rate should be expected. we are still valued as if the company is going bankrupt (market cap sub 25M$ which is ridiculous given expected fair value of 400M$+), so if the company doesent go bankrupt and instead surprises the market with positive cash flow and steady high production throughput/recovery rates and manages to restructure its debt with RMB bank, then a sharp increase in the share price is on the cards (probably we may start with 100M$ market cap ra-rate giving us a 4 bagger (40 cents+ share price) over the coming weeks, but anything is possible with binary extremely high risk/high reward investments such as this turn-around story). In any case very fascinating times ahead of us. Good luck to all !
Happy multi-bagger hunting to everyone !
Add to My Watchlist
What is My Watchlist?