Post by
Tornado69 on Sep 04, 2014 9:38am
this stock will not rise until the money is in the bank
Saw the writing on the wall took a 50% profit and sitting on sidelines until further notice. The Korean's have been denied funds before on there other deal in myanmar. Everything looks great with the deal except the money. They never got the money on the last deal and now they need an extension for this deal. I thought about it all tuesday night and the market will not go back to anything it was until the money is in the bank they have lost their trust and won't get it back until the money is there. Bottom line. Only then will the stock rise. I only liked this deal because of the money aspect of it, not so much properties I assumed they would add to land holdings but without any money there right now it's to risky. I will jump back in the day the deal is signed at a reasonable price but there is no reason for the stock to go above 50 cents until then. I don't believe it will even get to 50 cents, 45 cents would be generous.
Comment by
REALRETURNS on Sep 04, 2014 9:44am
This is an uneducated guess, mynamar had a lot of political issues, the $14 million is a done deal. It is inked and they will get the money as per the NO, just relax and enjoy ot