$Jiutian Chemical (C8R.SG)$ Jiutian fell below 0.031 support...
Jiutian fell below 0.031 support. May continue falling.
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104352670 : expected to fall to 0.025
bullrider_21 OP 104352670 : Maybe even 0.019. But we will take it one step at a time.
104352670 bullrider_21 OP : possibly...depends on how much net cash is left....back in 2022 i recall it had 200 mio SGD cash, i think with all 4 quarters of losses this year probably left 100 mio..and next year outlook is bad also..so probably back to 0.010 pre-covid price back in 2019
bullrider_21 OP 104352670 :
MiltonWong : going long at 0.015-0.025...by buying in small tranches
MiltonWong 104352670 : oh i realised they left 100 mio in net cash now in sgd, burned thru 100 mio le
MiltonWong bullrider_21 OP : time to load up soon....just wait for jan-24