Thanks. what's to stop traders from buying through the increased liquidity though? if it is a good stock surely they would bulldoze the capping, and the stock would resume its march upwards in order to make some decent profit at a higher price?
From a non-trader POV , if the stock is good value to want to be capped i.e. AQI or RDG, surely a big buyer would come in to say RDG and snap up all the extra liquidity on offer up to 4c?
Just curious but what sort of conservative price target/valluation have you arrived at orionwoo?
One thing I"ll note is - as mentioned above, couldn't find the forward order book. But comparing the 1h16 results, revenu of $51.5m to total year of 75.8m... until proven otherwise the revenue book continues to reduce? They seem to be increasing margin, but still a higher margin on revenue tracking lower is still going to result in overall lower net profit going forward. I assume that would be the main concern, and where the most value woudl be if they can stem the revenue loss. Stabilising or increasing this , or perhaps as everyone mentioned - diversifying into non-mining, stable businesses which seem to be what they have wised up to anyway. Hopefully they can continue to brin gin enough cash and all to be in a good position to snap up a few good bolt on businesses.
RDG Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
