Holders would be aware of a brutal recent selldown in SDG with no 60x's received yet to identify the perpetrator.
I nibbled a small parcel on the sell down, as I considered it ST oversold.
7.5% of issue traded over the last month at an average price of ~$1.30.
Reasonable 10% rise on 85% of 100 day avg volume today might be an indicator that the bulk of the selling is over.
Current summary for those not familiar with the stock (from a non-professional mug punter unworthy of posting on HC of course)
Cap: ~370m, cash: ~110m, likely realizable assets: ~650m (subject to devaluation), debt: ~300m. Net asset to cap percentage 126%.
PE around 3.5.
Does anyone know what Forward PE is likely to be?
NB - DYOR!!
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