RE: Review of Colm's November podcast7 Apr 2020 05:04
Hi Brad,
I bought in to TLOU on the ASX yesterday after doing a bit of research once I saw the Interim Purchase Power Agreement Announcement pop up.
The ASX is open at the moment there just hasn't been any trades yet. Even yesterday I was surprised that most of the buying was in the first hour then it dropped right off.
Obviously I can see there has been a lot of pain for holders in this one but for me I saw yesterdays announcement as a sign that they may have turned the corner, and that if financing is to follow shortly that should hopefully at the very least form a base to work from. At least they said in the half yearly they have enough cash for another 3 quarters, but I suppose that's bugger all really.
The only worry for me is that if the COV19 hangs around all year and they can't get started on the power poles etc that there will be a retrace in the share price even if they do get financing approved.
I thought it was worth a stab at these prices, even if we are at a slight premium to you guys at the moment.
Cheers guys and lets hope we get some action on the ASX this arvo to get you guys kicking along. At present it's looking like a low volume arvo sell down is on the cards.