Stock getting hit in HK tonight. Down to a new 52-week low with 10M shares traded. It actually traded down 10% a few minutes ago, but rebounded a bit at the close.
As always, the stock has quicksand for a floor and titanium for a ceiling.
I don't read anything into the AGM resolutions. These are renewal of previous terms so don't see anything untoward in this. Their cash position and working capital must be strengthening also on the back of decent market and increasing flows. Roll on the next operating update..... Maybe a chance to buy below 10c before then?
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