VMX 6.06% 31.0¢ valmec limited

Furniture, I agree it seems cheap, but edshann sums it up...

  1. 89 Posts.
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    Furniture, I agree it seems cheap, but edshann sums it up perfectly with trading by appointment and lack of liquidity.
    Looking at Nabtrade, the boys still control about 60% of the stock which is pretty high for a public. Can't find any trace of them ever selling any, even after they came out of escrow which gives me some comfort that they seriously support their story.
    Looking at the depth, if you wanted to buy 50k of stock you would need to pay 21c a share for last parcel which shows how little is available.
    They also seem to be affected by being in both the dreaded oil & gas market and mining services market as far as love goes, yet not posting the losses everyone else is.
 
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