That report perhaps misleads in respect of MF's acquisitions. They weren't recent. They were in Oct and Nov last year at 8c or so. Today he got some paper money back!
Today's big SP increase pleasantly surprised me. It countered my negativity too
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Whether or not the SP can hold at say 5c though, or even get stronger, is what awaits us tomorrow. Normal trading activity for a company with 408m shares on issue that is to follow a day with an est 70% rise on a t/o of less than 7m shares would suggest that today's closing price will be hit hard tomorrow. But was it normal-type trading today? Hardly! Will it be normal-type trading tomorrow?
Question: are the competing (potentially anyway) parties increasing holdings for the vote? It's hard to imagine that 7m/408m shares would make a difference though, so my guess is 'no', at least at this stage anyway. If someone is chasing numbers though, then tomorrow could see another decent rise, but with more selling resistance.
