Its Chinese tho mate, thats the down fall people very wary of the china stocks for the last 12 months especially after the considerable amount of Pump and dumps this time last year with probably more then half of them going under.
I'm glad it works for you. Cnel must be the most undervalued share ever
in for a few... bottom feeding undervalued shares has always served me well.
They have this range of investments. However, we the shareholders, still have f all
The Group had cash reserves of £1,417,000 at the year end, after corporate expenses of £480,000 had been incurred during the year. On 7 May 2014 the Company's shareholders approved a resolution to amend the Company's investing policy. Subsequently, after undertaking due diligence, it was able to announce a range of investments on 29 May 2014, after the end of the accounting period, and as a result the Group now holds investments totalling £768,000 on its balance sheet. This consists of: · £400,000 invested for a 30% interest in Lion Natural Resources PLC, which holds investments in two companies with projects in Sierra Leone and Kenya; · £300,000 invested for a 35% interest in NWT Coal Limited, an unquoted company with two coal concessions in Vietnam; and · £68,000 invested in 7% convertible debentures of Maverick Petroleum Limited an oil company with a focus in the Republic of Chad. Investments and cash matching 2.1 million £ and a mcap of £0.73 million ...
i agree Zak
overdone on the short side, the risk / reward of Bulls returning to the fray appears to be rather more palatable than it did even a few weeks back. For instance, the RSI now around the 13 level is extremely oversold and as oversold as it has been at any time over the past couple of years. This would suggest that we are due a significant snap back imminently, and that it may be worth being in place here on the long side from this point on. When you add in the way that this oversold state it appears to catch the stock at the floor of an extended wide price channel from the summer of 2013 and there is another driver for the Bulls. The alternative to straight bottom fishing would be to wait on a momentum buy trigger, which at this stage is seen as being ideally an end of day close back above the 20 day moving average at 6.98p, a feature which has capped the shares since as long ago as July
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