Grindrod $GRIN - Acquisition Target at a very very cheap price. NASDAQ:GRIN
Taylor Maritime Investments (TMI) closed its offer to acquire all of the issued ordinary shares in Grindrod Shipping for HKEX:26 back in October 22. NASDAQ:GRIN has since sold off sharply following concerns of imminent de-listing by TMI.
However,
TMI does not meet the compulsory acquisition threshold of at least 90% for delisting of GRIN from the JSE.
I wouldn't be surprised if NASDAQ:GRIN is the target of future buyouts from larger dry bulk shipping companies which recognise it's strong fundamentals and growth prospects.
My DCF model of NASDAQ:GRIN supports my opinion that current stock price April 2023 is very very cheap.
An opportunity to make some serious gains for the patient investor.
GRIN
Grindrod divergent and dropping. GRINImmediate targets 15, 14 and then 13. Invalidation at 23.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
GRINUSDTsee and watch :)
The trendline has been broken and it seems that the price can increase up to the specified limits ...
BREAKING: Face-ripping action SOON!Whatever your opinion is about GRIN, its weekly & monthly technicals are SCREAMING that Face-ripping upside action up is coming SOON!
On Monday, MCM_Mike provided KuCoin with the latest binary fix to allow withdrawal. I predict Kucoin will allow it sometime mid-September.
Monthly timeframe :
Multi TimeFrame Stochastic is showing a reversal to the upside is imminent.
If we close in 16 days and 17 hours from now at 0.00001166 BTC, resistance is at 0.00001771 BTC. We close breaking that, resistance is 0.00004400, then 0.00005541 BTC!
Weekly timeframe :
Consolidation since January 2021.
RSI EMA is Trending Up.
Williams %R is showing a reversal of momentum (to up).
If we close in 4 days and 17 hours from now, resistance is at 0.00001421 BTC. We close breaking that, resistance is 0.00001736 BTC!
Even if we don't break it, short-term price action is going to test it before going down.
Introducing the Hidden Gem of Privacy Coins - GRINGrin is one of the projects having huge fundamental potential due to its innovative tech called "Mimblewimble" and the simplicity in implementation. The project suffered a price downward since the network launch in 2019. The reason was high early inflation, being hard to use, and lack of big exchange supports.
But the fundamental aspect of Grin remained shiny as it had no thought leader like bitcoin, a highly attractive logo and implementation written from scratch based on pure cryptography tricked to improve scalability on both storing data and privacy levels.
Lately attended volunteer developers are working on Grin-BTC atomic swap and adding CoinSwap proposal to the network which will upgrade the privacy of Grin on Monero level without compromising chain growth, due to Mimblewimble's cutting-through transaction history feature.
Even in late 2019, an anonymous person rumored to be Satoshi Nakamoto, from early bitcoin miners in 2010, donated 50 BTC to the project.
News link: cointelegraph.com
Having upcoming tax laws in the mind and more need for privacy in the world of decentralized transparent monies, Grin has the potential to grab others' attention from its meme-style logo to the tech it's supporting. Currently, the market cap of the project sits on $20M and reaching 3-4$ zone with considering 93M coins at the end of 2021 will result in $270-360M market cap which IMO has still a lot more room to grow if it gets hyped from its mentioned properties. Considering this was not a financial advice and you should DYOR, here are telegram links of the Grin's community to get more information:
t.me
GRINBTCMore volume is visible on the weekly chart, it has been stable since Jan so compared to the Dollar it had growth.
Not financial advice, do your research
GRIN / BTC Mir Term Trade IdeaGRIN has some mawor news coming up for JUNE 2020 and it is about the upper resistance zone.
Grin about to explode next time - HODL before it pump!Depending on Grin study ---> Grin can double at last.
coinmarketcap.com
Grin are long term invest
Hodl this coin, we had before done more increase coins as omisego,zilliqa,solove, and all it did double at last, and its now time for Grin. soon we will see a mega increase, this depending on the volume study, and on MX effect.
1 month ago we did add: omisego
And with 1 month time, it did increase above 1.50+ from 0,55 usd since update.
GRIN THE PRIVACY COIN ABOUT TO EXPLODE NEXT TIME !after my new coin study i found out that Grin are the coin that will increase next time with possible breakout to above 1 usd+
i did expect before more coins that it will breakout : solove,omisego and more
See omisego example when i did add chart at price 0,50 , not even in 1 month time this coin did hit 2 usd.
And today i expect Grin will increase with min 50% or more at next time. we can buy grin on kucoin or other exchanges what you can check on coinmarketcap.
I expect a breakout on grin depending on more reasons. i will add this in my later post.
have good time
GRIN / USDT Mid to Long Term Hold IdeaGRIN is one of the underrated tokens out there. This might be a good idea to acculumate more Grin when it is sale for cheap for the moment. It already tested targets stated in the chart before so it might not be too hard for it to test those levels in a possible ALT season. Put your stop losses in place.
GRIN The privacy coin about to increase --> low supplyGrin is one of my choice coins for 2020. it have low supply, and great interest.
Grin was some time ago stable, and it looks it will trend again to breakout.
# Great coin to hold for 2020 personaly expecting.
grinusd grincoin grin hello
its to hard to predict grin coin at these moments . but i think this can happen for the grin , based of the neowave theory.
