RE: Big month ahead9 Sep 2018 15:19
Yeah nice to be on a company that does quarterly reports, they don`t all do that.
Also good to see Mr Pelham buy another 8m shares in the open market, albeit at a very tasty price, though he probably negotiated with a big seller to get them the *&^k out of here! Good for him, and he obviously has great optimism about the future...as do I.
He probably knows already the likely source of new funding too, I should imagine he wouldn`t have too much trouble convincing suitors to get involved at this juncture.
The team assembled in Africa and beyond are in place, funding has been spent well on machinery and high revenue production systems, the company is now at a turning point..from negative to positive!
`It should be noted that the administration and operational platform that has been established is critical to the future growth of the business and is now sufficient to support a significant upscaling from the current 0.5% market share of African timber exports currently captured.` Miles Pelham
No wonder the chart is a strong buy at the moment, patterns, candlesticks, previous supply/demand zone (feb-apr 16), weekly stochastics, and more, all pointing to breaking a good bit higher from here.
Any short term drop should be quickly snapped up by traders and investors alike. A no brainer.
Some might whinge about MP buying cheap shares, but anybody could after the update, the first day after the late RNS the sp went down to about 5.75p, so maybe could have got in at the low 6`s. Not that much higher than the price MP paid, I hope they make him another few mi££ion!
A good structure in place for strong progress at this point in the life cycle of OBT.
Sign In
Follow the stocks
