What I see is that the company is raising money at 3.1c and we have had 6 million shares done at 5c or better.
That tells me that there are some investors who are happy to pay a fair premium.
You would have noticed the buyer putting up his hand for 200,000 shares at 5.2c on a regular basis.
I guess the question one may ask is why buy them at 5c plus when you know in the future there will be placement stock coming out at 3.1c .
Someone obviously knows something.
I will put my neck out and say I can see this stock worth 30c in 12 months time.
You can make a note of this and in 12 months time you can call me a bloody dill or you can congratulate me on getting it right.
Cheers.
NRR Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held