The share price should continue to go upward with its asset backing.
It was not too long ago that the force sale by the Barclays group pushing it to 0.03 penny stock making the whole exercise so unbelievable with no fundamental reason. However it creates a great opportunity for all of us here.
This is the greatest value play in ASX now if we can remove Barclays from the share register with no further forced selling.
There is no reason not to see the share price to go up to 20c tangible asset value. The margin of safety is huge with this stock.
Most importantly we are still making profit currently, if this is sustained, even with $1 profit only, the underlying company asset is still growing which will support the share price.
The reward is outweighing the risk in this game.
(As this is a risky stock, no one should invest their whole saving into this share as there are still many unknowns to be revealed down the road)
XPD Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held