RE: D14M0ND28 Oct 2018 23:59
I've just been going through the figures and it looks like MXO should be cashflow positive in 2019. So 12 months of holding this from buying in at these prices should give me a decent return (if I could hold it that long). I am more of a trader though than a LTH.
Plus I've been interested in the prospect of a Chinese takeover at this extremely low current valuation...only 10 months ago Zhang Hao increased holding to 300m shares with a 0.8p placement.
What percentage of placing do we think will be sold into the market - 20%? Will the Chinese use the opportunity to average down and increase their holding?