AU8 1.67% 6.1¢ aumake international limited

TTN... if CNX come out of their TH tomorrow with good news there...

  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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