WHat is your prognosis of the share price in 6 months to a year?
I'm still targeting $10 to $12 by year end. I think it can be done if we see good progress at the Mega Farm, a merger for SJAP, a financing deal, possibly a convertible bond.
Why is it dropping to low USD5? thanks
People have lost money on basically every other OTC or China stock out there in the past 18 months. So the "competition" has been getting a lot cheaper. At the same time EPS is down significantly YOY and we have no immediate key drivers. So it could actually go down to $4 before we see $10. I have no idea. But anything is possible. Usually it's the flow of money that decides where we go. So if you have one or two institutions selling out then a stock like SIAF can drop a lot. And I think expectations were high last year. And I think 7.75-ish is a key resistance level now.
Too much uncertainty here also. They have to give guidance, get it over with. Do timely CC's, and be transparent about financing or capex needs.
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