Once the acquisition by macquarie is completed, it will start to move. It has to be, otherwise why would macqurie come in and buying in huge volume. Something big planned. Just think about it. It is simple, no need rocket science.
current price range 0.035 - 0.04, how macquarie sell 0.04 then as there is no buyer? so the price must move up then only macquarie able to gain, and the vol is 1.2b so it is definitely not possible even the price just up 1 tick to 0.04 - 0.045. the price should up around 0.10 then there is chance for macquarie to make profit
The latest QR released last night is pretty good considering the current economic condition and MCO. Generally the financials are sound and one thing stand out is the building up of cash from the operations as well as from PP and ESOS. At least no financial issues the company has to face as least in the short term. I think the share price has bottomed out and can only go north from here now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lehubeng
1,144 posts
Posted by lehubeng > 2021-02-18 19:16 | Report Abuse
another 3,500,000 shares subscribed at 0.033 today.... still long way to go.... 0.025 coming....