With a cash backing of 62c after the sale of CCP., is seems bizarre to me that the SP has been consolidating and not ranging upwards.
I wonder if the SP retreat is more then the day traders being flushed out, could it possibly be IVA (or broker friends of IVA) keeping the price down in preparation for a takeover offer?
This may have been suggested before, but would really be interested in the thoughts from those with mor eexperience.
Aussie, is this the sort of thing you were thinking of when you mentioned "a sub-plot brewing"?
Regards,
John S.
EXS Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held