I’m going to give myself a tap on the back for picking this one.
Sometimes you've just got to say, "Well done!"...to yourself.
All it needs to make money on the ASX is to do your homework, put your money up and wait.
Of course I will need to see more details about this SAV deal, but looking at the current investors, it looks like a cracker of a deal. Just check out this Youtube clip:
I knew there was a reason why Billionaire Bori got involved – these guys NEVER part with their hard-earned for no reason.
So this augurs the logical question, how do you play (assuming all checks out). Well, an $11m cap raising at 20c is a fair chunk of change so hopefully there will be some paper for the smart investors. We’ll keep an eye on the story and see which broker does the raising and give them a call. However, when put the pieces of the jigsaw together – Ross Haghighat (see previous post), Bori Liberman, GE, the vend of a multi-award winning company in a hot area for stock at a price equivalent to capital raised (i.e. no premium); I just hope there will be some stock available for us.
SAV Price at posting:
0.3¢ Sentiment: Buy Disclosure: Not Held