I am topping up this week. I have been holding off waiting for a floor to form, which it now seems to have. Wanted to buy last week @0.43....damned slow bank transfer held me up. Note to self....always have 10% of my portfolio value sitting as spare cash on my trading platform, to pounce.
That said I am half expecting some larger shareholders to sell down to keep the price approximately where it is, for accumulation, until KTD announce organic certification. However, given the AGM is only a few weeks away, I cannot see a tree shake occurring, as $0.30s is not going to happen. I find the charts provided are helpful, however, this is still more an emotive equity, at this point in time. FOMO once further milestones are reached will drive the SP.
My GUESS is once that organic certification is achieved, and confirmation of progress at the fast approaching AGM, is $0.60, and January completion of new processing facilities, then forecast sales increase, might test $0.80. Though it should be understood that the buildings will be completed in Jan 19, they will not necessarily be processing from that time. They will have to commission new equipment, and that can take time. Be very interested in charts from then on.
This is a bottom draw stock for me.
This is a company that does keep the market well informed, and under promises and over delivers. KTD will eat some competitor market share (this may end up being significant), this comment also applies to share holder registry, and enjoy natural growth as it moves into more international markets. It is well positioned geo politically, especially with regard to key Asian markets, and I really cannot see too many hurdles for them.