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Looking throught 2QFY12 Yongnam presentation with so many colourful pictures of building, MRT system and maps etc. Wah! so inpressive but just as what Ah Lian mention "Just a construction company, no solid asset." This company not for me.
Why is Yongnam doing ADR? Don't they know that several Spore companies have done it and the result is a waste of time & money? It's just $$ handed over to the Americanos.
YONGNAM is edging closer to Dec 12, when the warrants expire. Hope for the warrants is fading. Can the mother share rise decisively above 25 cents? If not, a lot of warrants will expire worthless
4 weeks is a long time in the market -- and all you need is for the stock to go up 2 cents to 26.5 cents, and there will be a good reason for the warrants to be converted.