Its obvious that Shougang is playing hard ball with PT/ADY, otherwise why would you need to draw down the US$5 mil.
I sold out yesterday after buying in on Tuesday and now glad I did. The technicals on the chart where shaping up very well but a savage blow was dealt to them on Wednesday imo.
If 15 does not hold it would not surprise me to see the gap at 9.5 - 10.3 on the 2nd and 3rd of Jan 07 get filled.
Seems bizarre I know but PT is between a rock and a hard place in this market and the skelpers could now take the company over for nic's because of his inability to keep to time lines and arrange finance/partnerships when the market place was more conducive to do so.
I have a valuation of around $1.16 on RLL (PE 10, before consolidation and split) but that means diddle squat if you haven't go the $ to make it happen.
shougang playing hard ball unfortunately
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Change
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Mkt cap ! $14.66M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1497 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 500000 | 1 |
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