STTCOMP NHO, FA LONG
Market Cap $3m
Cash $800k
Company has said in qtrly that they have been reviewing technology opportunities so could see a deal any day
"The Board of Directors of New Horizon Coal Ltd (ASX: NHO, “the Company”) provides a summary of activities undertaken during the quarter ended 30 June 2015. New Projects The Board has continued to focus on new projects and has been evaluating new projects in all business sectors. Due diligence has been undertaken and presentations reviewed for projects in the technology sector, finance sector and advance stage mining projects."
The best part is any deal will have to be done at an implied minimum price of 2c which assuming no consolidation which they wouldnt need means buying at current levels and below 2c is like shooting fish in a barrel
Jason Peterson was buying on market a few weeks back too
edited because had cash figure wrong
Short Term Trading Week Starting: 27 July, page-95
-
- There are more pages in this discussion • 81 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)