Well the AGM is going to be interesting if share price is going to continue to behave so erratically over the next few weeks.
Like many on here there are many reasons into the future why this has potential to be a fantastic long term investment. What has underpinned the security of the stock in my opinion is holding that 100 million in the bank.
for a stock with market cap of 400 million debt free that's a great insurance policy.
They are about to loose that 100 million in the bank but appear to be buying a new casino at a pretty good p/e of 6 for a casino stock.
we will get an update no doubt about how lao cai is going at AGM.
I really do take exception to the poor communication about both the performance of the new casino since it has opened and the poor announcement of the impending purchase of new casino.
Ben has a responsibility to look after all shareholders interests, but particularly minor shareholders on the case of dna, as the major shareholders, the lims, know what's happening in the company day to day because they work in the business. We on the other hand can only guess. Is the place full and 'cranking' or have they had trouble getting the volume of visitors up since opening?
Who the f#ck knows?
All I know is that I'm getting closer to a margin call because of this stock and old mate Ben, is happy to sit back and crank out cut and paste emails saying the share price will take care of itself , we'll that's fine if you are being handed a couple of hundred thousand options but not if you have taken a position in a company which since opening new casino is harder to get info out of than a priest hearing confessions.
Won't buy anymore shares in this company until I know for sure what's going on
DNA Price at posting:
81.2¢ Sentiment: Buy Disclosure: Held
