AU8 1.67% 6.1¢ aumake international limited

TTN is restructuring..., page-4

  1. 571 Posts.
    TTN... if CNX come out of their TH tomorrow with good news there could be more local demand for TTN's drills , accommodation & services. Thankfully TTN are in Energy which is hot at the moment & not Materials as its currently down trending.
    Also unlike others in their sector; low debt, and diligent management of the positive cash flows, plus a few new contracts won or extended, could see a quick bounce of 40% to 70c .
    Conversely no news might see a slow creep up to around 70c as a return to rational P/Es occurs after all the panic.
    Toady is the first day where SP is green & growing above opening, since the ann so short term support might be above here but we wont know until its back tested from possibly 61.5c.
 
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