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Bullish Sign? - Bounced off 200 EMA, page-2282

  1. 5,305 Posts.
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    Hi @Srebrna and good morning everyone ekse
    And a strong start here


    Yesterday was indeed a bullish day with someone buying half a million shares 20 minutes before closing auction at $2.10.

    I looked for news..
    There has recently been a revision to the Si-NRW JV contract .
    (This is the Perth METRONET Forrestfield Air Link project .)
    Instead of a single level car park they have decided to build a multilevel car park.
    It will be more expensive but the Government has contingency funds on hand to cover the costs


    ‘The revised car park plan will be delivered under a contract variation with SI-NRW. It will cost about $32 million and will be accommodated within the project’s contingency budget.
    The project is an important step in improving public transport options for the eastern suburbs.
    By 2021, the Forrestfield-Airport Link is expected to generate 20,000 passenger trips every day – increasing to 29,000 daily by 2031.”
    https://www.miragenews.com/multi-deck-car-park-for-forrestfield-station-metronet-precinct/

    Possibly not enough to enthuse the price so much as we have seen recently but offering opportunity for thought for more levels of expansion elsewhere
    Cheers
    Last edited by sabine: 13/09/18
 
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