I've been thinking of playing the roulette wheel known as the ASX again and had a look through the equities doing an initial simple search of which companies are at the low end of the past year's high and low and saw Nautilus at 3c with a high of 18cents and therefore (superficially at least) lots of room to go up.
BUT on doing some very basic research, yesterday, it turns out that NAU is an ex-shipping products company about to become a food company.
AND then, after what looks like very little activity, someone bought a fair slab today and had a statement regarding that and the bosses in Perth have been in meetings today and by the time I have some dosh to splash I think it will be up from 3c to 4c and more.
One to watch or speculate on if you can afford to take the risk. As for what Ascent will do with it ... that would be worth knowing wouldn't it?
