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Agree with Tukebay, a contract/partnership with OEM should see a...

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Pancake

69 Posts.

23

22/03/19

20:27

Post #: 37858102
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Originally posted by tukebay: ↑

We definitively broke downtrend in place since Jan. highs on Monday according to my reading of the chart.
We held that break the remainder of the week.
I hope that confirms the break of downtrend as I ususally look for a break to hold for 3 trading days before signalling a confirmation.
The stock has held up incredibly well IMHO given the dearth of significant newsflow. However, every day that passes is a day closer to significant newsflow.
In the interim, all it will take is a small buy order from one of BP's mates or anyone else for that matter for us to see new highs closer to $10.
God forbid the company actually releases something of consequence with an OEM and we'll be trading closer to $20. And we know for a fact that the company is dealing with a number of potential OEMs with a global footprint - Stryker, Bissell, Whirlpool...
Whoever doesn't want to play PO3 or is impatient will only be kicking themselves.
HAGWE!

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Agree with Tukebay, a contract/partnership with OEM should see a significant re-rate - I think market cap north of AUD 600m warranted. This would partly be driven by lack of liquidity as most are long term holders here.

GLTAH - LT and ST. Market needs both types of investors IMHO.

PO3 Price at posting: $3.60 Sentiment: Buy Disclosure: Held
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Last 22.0¢		Change 0.000(0.00%)		Mkt cap ! $7.078M

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