This is a good badly needed win, especially for the share price, shares still have a long way to go before i even hit my break even price.
Given that this company was hit for a takeover a number of years ago but rejected by the board, the price is considerably down since then, i'm surprised it hasn't been the subject of another takeover, even more so with a juicy contract like this one....
Several large player investors have been buying this stock with a long term view of making a killing when the price starts rising, previous announcements show who the large stock holders are now....
Just wish i had spare cash and the confidence to purchase more without the shorters killing the share price even more...
Half Yearly results due to be announced tomorrow (Thurs 27th), hopefully its a positive for the share price and scares the shorters off and brings in the longs....
TSE Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
