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03-11-2017, 10:07 PM
(03-11-2017, 03:30 PM)sgmystique Wrote:(13-10-2017, 11:40 AM)sgmystique Wrote: Compact Metal is now trading at $0.029. That is a far way from the $0.012 it had plunged to on the 6th March 2017 when there were fears that trading in Compact Metal would be suspended!
In the same time those who had invested in Cacola saw their entire net worth extinguished. Both the scrips were due to be suspended from trading due to posting losses for 3 successive years.
I lost in Cacola and am making some money in Compact. Just goes to show that diversification might reduce overall returns but it helps one stay in the game
Somebody is willing to pay $0.036 per share of Compact Metal today. That is 3 times the $0.012 it traded at just 8 months back. Am wondering what are those compelling changes that have ocurred to increase the value of the business by 3 times in such a short period of time!!!
Would appreciate inputs from fellow Valuebuddies....
Then.... Compact Metal was facing forced delisting by SGX. Even the date of suspension was specified. Broking houses immediately valued the collateralized value of the shares as zero. I am sure you can remember the forced selling done that few days where a block of shares were dumped to as low as $0.012. The price stayed at 0.015 for a period.
Now.....No more threats of delisting. A new animal with a cement plant in the path of the OBOR, financed wholly by new shares. Blue sky scenario will probably propel the shares higher.