XRF 2.63% 37.0¢ xrf scientific limited

well in some ways it was a good impression and in other ways i...

  1. 362 Posts.
    well in some ways it was a good impression and in other ways i wasnt so impressed.

    the chairman sounded like he had spent too much time trying to keep brokers on board....he wanted to get in quick and get outta there.

    the ceo was more inclined to want to make a statement about the business and he did that. He says that costs are under control and that the costs associated with getting the various companies together and working together were higher than expected. However, he didnt give any vision about what might happen in years to come..

    I suppose for investors now the key point was the reaction of the board when someone mentioned the price of the shares and said they were cheap...and there was a confident grunt in response to a follow-up comment that they'll never be cheaper..

    I think the share price will go up when the annoucement comes out that it it making money. The company is trading at 10 cents and is worth 20cents for sure. How far it goes above that will depend on how they expand...

    I have tried to give my impressions accurately about the meeting. I was the only person to ask questions and I asked a few. The ceo answered honestly....i believe. I think he's a trustworthy guy and will work hard for his bickies.

    I would say that you wont lose money if you buy now ...my opinion of course
 
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