AMM 0.00% 0.9¢ armada metals limited

at some point the share price will be re-rated hence i'm keen to...

  1. 7,877 Posts.
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    at some point the share price will be re-rated hence i'm keen to start getting back in, particularly around the 15cent level. i think the options may be keeping a lid on price movement though we only have a year of that left.

    i have seen reports for 2011 of eps of 2.5cents. that's pretty good and surely the stock won't be trading below 20cents by then. the expansion to the east can be a massive deal with the company in my opinion. a lot of perth offices have offices in the east. i note they have taken up prominent signage in perth CBD on an office building. revenues keep increasing and IIN is in good shape. private investors are taking more shares (wyllie group) and the hangover by futuris is removed opening up the company for takeover.

    i don't see much downside at current levels though dont have dollars yet to start buying. hopefully stay at current levels or bit lower over next few months.
 
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