MIDAS HOLDINGS

No Movement...the waiting is making people anxious..

Currently 34.5 cents. Consolidation phase.
[hr]
[Lee 11-08-2012]:

32-33 cents would prove to be a good support level for the stock.
Consolidate a bit more.
By month end, can expect it to firm up. By year-end, would have easily touched 45 cents.

Just my wildest optimistic scenario. Believe at your own peril

Zzzzzzzzz .. moving like a snail

Closed at 35 cents today, with a 1.5 cent upward move. I think this is the strong support level for the time being. It could burst thru 40-cent level with the next announcement of a meaningful contract win.

The small run-up was becos of DBS call.  However, there was a technical sell by UOB the other day, and hence the see-saw. This stock had a natural limit at $0.36. Need very good news to push, otw large profit take. Don't think it's ready to push out yet until more stimulus from China policies. Just a personal view, take care.

MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT &
CONSORTIUM PARTNERS SECURE RMB588 MILLION INTERCITY RAIL
PROJECT
- For the supply of 90 train cars to the Nanjing-Gaochun Intercity Rail
Project
- NPRT owns an estimated 76% share of the contract
- Latest contract win brings NPRT’s total year-to-date contract wins to
five contracts with a total worth of more than RMB3 billion