I echo your thoughts Kookaburra777.
Something that I have been waiting for is the CR
Last quarterly they had $985K in the kitty. Point 9.7 of that 5B stated outflows of $350 for the quarter (we'll know more in a week or so then the September quarterly is released).
The VWAP today is 9c, the last week 7.6c and the last two weeks 7.3c.
Just a guess, but I would think we might hear something early next week about a CR whilst interest is high and the VWAP could see a CR at 8c (allowing for the usual discount to VWAP).
It's still early days and they will certainly need more shortly. I guess any CR may depend on any other news that may be in the pipeline.
I hold but have resisted buying more at these levels.
GLTAH
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