get on board.. about to blow, page-9

Looks like it took a whole lot of desperate stacking at 27c and a very weak XAO to get a few dumps on market.

I am going to go out on a limb due to the above, and tag a 27.5c close today. Even though it looks extremely unlikely with all the selling, and looking at the market depth makes one think a 26.5c close.

The reason I think it will be a strong close is due to continued strength in the face of a very weak XAO.

I dont mind being wrong, just a guess of what is going on off screen. Will be an interesting close regardless, as it might give us some indication of how keen the buyer is.

PS - anyone wonder why the American partner - capitalized hugely above MCW doesn't buy it for chump change and in the process reduce it's gearing? - It would work for them as their market cap is so far above NTA.