BLV 0.00% 1.6¢ blossomvale holdings ltd

How long they can hold out will largely depend on how long the...

  1. 689 Posts.
    How long they can hold out will largely depend on how long the 37 mill they have (at 1/1/10) in the bank will last.
    I think the cash will easily last until there is a turnaround.
    The last raising was at more than twice these prices - and its mostly all in the bank - 8% gearing - call it luck or whatever you will but most small caps at this time would kill to be in that situation.
    With that much money you would think it would be very hard for NMS to go broke.
    I think it is good buying at these levels - my opinion only.
    Recently Vector Vest had an intrinsic value of 65 cents (although rated as a sell), Hartley at 44 cents and Roger Montgomery in a recent article had NMS listed as good intrinsic value.
    Technically there appears to be a divergence building.
    I have been accumulating shares.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.