I agree with you here TDA. Whilst I have reservations about 1-2 years from now, I see yesterday as a deliberate attempt to drop the SP for accumulation. On absolute minimal volume it should be noted.
I'll happily pick up some more at $0.15-$0.18 with (IMO) a strong chance of a ~ 50% return in ~ 3 months.
My rationalization is that the company seems adamant there is a deal(s) in the (advanced stages) works - that deal will likely result in either:
(a) average deal just meeting expectations = SP remains static ~ $0.17
(b) a good deal = SP back to the consistent lows ~ $0.24+
(c) anything better = SP ?
What we do know is that the SP was happy to run to ~$.27 on speculation - so there is an appetite for it if/when it occurs.
RGS Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
