GREY:ARGEF - Post by User
Comment by
Astrosmithon Jan 09, 2017 1:08pm
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Post# 25683774
RE:News.
RE:News.That was pretty fluffy. I expected an update like this to keep us in the loop since the next major update is still not quite ready yet. But even tough it isn't major news I see two major positives.
1) they are still mentioning PPG. If they can get formal comment from PPG approving their product, that could be one of the largest catalysts possible at this stage. I would expect this to reach close to 0.20 if they can secure that approval from PPG, but simply showing they are still in close contact with PPG is very positive.
2) they are refining the corporate team. It is important that they show they can attract good staff. Not sure why Parmar left but having improvement in corporate organization is positive. I expect this will keep things stable and slowly growing over the next two months. Perhaps we will even see 0.08 or 0.09. It was wise of them to buy two months before we investors will expect the next update. If they beat that timeline, great, if not, at least people won't start getting agitated or worried until Mid-May. Steady as she goes.
We need a really meaty news release but this will buy them good time to get that together. Bid is nearly 1mm shares at 0.055 so there is still a lot of interest and growing with that update.