Lol you like your hammers, quite relaxed with all this oscillation noise.
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heres some more on why megnui deal is big news
China is the largest baby formula market in the world. All international players are facing an even more competitive market with the government seeking to reinvest in the category. It is encouraging local companies to buy foreign dairy producers, and has set a target to be majority self-sufficient within three years.
https://www.afr.com/companies/retail...0190823-p52k5y
megnui as i said is the first step in the t/o of bellamys on there way to being self sufficient
if / when ? the price gets to $3 im sure the chinese will launch a takeover to crys of they drove the price down
I think it'll be fine next year. Only a bother to traders and people looking to exit (which is currently me, unfortunately). Otherwise, enjoy the cheaper entry prices if you want in.
Im looking forward to the next ATM news event.
Trading on a very narrow range... does it imply short covering?