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seaemay

2,662 Posts.

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23/01/18

09:56

Post #: 30489529
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Originally posted by ecat88 ↑

I sold this long ago for a small profit. I bought it based off the fundamentals. Initially the market agreed and there was an attempted reverse take-over by Stratex (London AIM listed company) for a premium which caused the price to rise. However, the deal eventually fell through and the chaos afterwards is why the price is now 6.6 cents.

The fundamentals are still good but this company still has a funding issue which is what is holding the price back. They plan to list on the AIM so the concerns about a CR are still there. This stock has a chance down the track to do well again and it is still on my watch list but I'm sticking to the sidelines for now.

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It'll help if the hassles with the sale of the Posse project are resolved. That delay is holding up much-needed cash.

CAS Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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