Looks like buyers are piling now...
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Looks like few large Mexican walls being put up before we can go past a buck..
Anyone actually know how big the market is for Rakon's specific niche of product? Is the japenense competitor publicly listed?
Seems interesting and cheap as chips based on current trading, with its history as an overhang. Ripe for a takeover if it can keep growing.
Pretty working capital intensive though
Man there's stranglehold around 97c to buck mark...
Gotta churn thru the 10m @ 0.88 Siward sell down shares..
Tht they've indicated no further selldown as per their statement released on 26 Jul - "Siward Chairman and Rakon Director Tony Tseng has advised the Board of Directors of Rakon Limited that Siward has no plan for another sell down and remains a long term investor and technology partner of Rakon."
yup got that...
IMO some of the punters who bought the Siward sell down @ 88 cents will have flicked them straight back on the market...hence the wall to which you refer...
Travelling well here...churning through the available supply.
A breakout beckons..