the report is out and pleasing on two counts,the first that the recovery through the ISL appears to have gone ok.The second point is that as i suspected that J p morgan has been identified as the seller.They have offloaded about 1.5million shares since last annual report and still have 1.5million togo,assuming that they are keen to completely exit.
A capital raising will be on the cards at some point to fund the capital works once the field trial is complete.
I think we might see a bit more interest in the stock now but I think a boardroom radio interview with the "conservative" dr bob would be a good idea if you have any interest in marketing the company
I do not understand j p morgans reasoning for exiting now having paid $2.00 and with trial results looking ok,great time to exit.
Lets hope the balance of their holding gets consumed pretty quickly.
CUY Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held