Im not happy as well just a few impatient sellers deciding to sell out, Id say due to the second deal falling through, as well as bad sentiment towards Mining Services ATM is not helping our situation.
However I have purchased a few more lately increased my holdings by a few hundred thousand within last few weeks.
Some important thinsg to remember;
- Directors still buying and top three hold over 25% of issued stock;
- Second deal being negotiated ATM according to their last announcement I wouldnt be suprised if we get some news on this in near future;
- Tempo Industry Partners business continues to grow;
- Some positive moves to grow the busines organically have been implemented which will show results by Jan 2013;
- Small volume of shares will push the SP back to 14c-18c.
I think it has been a tough few months the fact we lost approx 3 months on second deal which fell through after due diligence findings.
However we have good board whom have huge interest in making Tempo worth much more than todays price.
It is frustrating however I do understand how some impatient people may be selling out however as they may be sick of waiting need funds etc.
I still believe the patient will be well rewarded, and I cant see the SP dropping much further from here.
IM in for the long term, really looking forward to second acquisition and next year and beyond.
I hold and accumulate at times.
TPP Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held