With a current MC of $8m if they turn it around this will look ultra cheap in the future.
Will they be able to turn it around is the question?
Selling now is almost conceding there is no hope. To me that is just as much a risk as the alternative. But also means why wouldn't people who don't hold buy at this point (long including traders)
For instance I am not willing to buy yet. I may regret it when this becomes a ten bagger from current price.
Industry needs to turn a corner.
I don't have much faith in management.
ASL Price at posting:
45.5¢ Sentiment: Hold Disclosure: Not Held
AUG Price at posting:
16.0¢ Sentiment: Hold Disclosure: Not Held
