Yamada Green Resources

Yamada comes alive today, with an upward movement and some ding-dong at the same time.

Key development is rights issue . Rights trading is going on and ends tomorrow. Very low volume of rights traded, means people will subscribe (and people will not subscribe).

What happens to the mother share after tomorrow ?

Share price has been firming up = Positive signal
Rights also firming up = Positive

The huge 54-m block of rights sold (yes, agree it has to be GYP's) and taken up by a single buyer (has to be Sam Goi) = Positive signal.

Do these signals point to possibility of share price crossing 10-cent level next week?

It's possible there are still sellers at the 8-cent level who are raising funds to exercise their rights. I mean, sell mother shares at 8 cents and pay 7 cents to exercise their rights. The subscription of rights ends on Thursday. Then the supply & demand for mother shares will find a new equilibrium. Just my 2 cents worth.