I wonder whether Scintilla will jump back into the market on the buy side these coming weeks.
They were buying all the way up to 2c a couple of months ago.
Now we have retraced over 30% from the peak (2.4c to 1.7c), and closed last week at 2c.
Either way, heading into the last week of the financial year its been a great quarter for ASV. They have a mighty task to have an operating cash flow neutral/positive half, so not much time to get a position before then.
I still believe that their recent sales successes will culminate in at least one major signing in the coming weeks. This is a pattern I have seen with small caps before.
Happy to be holding.
Cheers Livas1
ASV Price at posting:
0.0¢ Sentiment: None Disclosure: Held