A large Top 20 holder, who voted for Tay has sold out.
The 30.04m shares that voted against Carson and Levy's removal are sitting tight.
When Carson returns to head the exploration, and the brokers will be finally assured that Tay and Oh are no longer in control, the stock will, in my opinion, be re-rated to 40c on a fundamental basis (Bones excellent charting a few months ago on this forum, backs this view up from a technical point of view ).
Beneficiation results and some logical JV's with neighbours should bring further re-rating to 50-60c
However results will only be reflected in the price after Tay and Oh are gone.
A successful Pre- Feasibility Study should shoot the stock above $1
DMA Price at posting:
19.0¢ Sentiment: ST Buy Disclosure: Held
