Common sense at last Denial my thoughts 2 bill shares :
First issue with 2 bill shares in issue it makes it easy for the funds to short the stock (daily shorting over the last 6 months between 54,0000 and 248,000 shares ) hence the Reason the stock had been kept on hold at around 5 cents .
Aussiesuper increased holding to in the region 250 mill share price dropped from 6.8 cents to 5.7 cents , Ashanti capital promotes the stock price goes from 5.7 cents to 4.9 cents .
Secondly company will possibly have to raise money in August at 5 cents ? And issue more shares so the funds will will be able to keep a hold of the stock . This allows for good news flow . Hannah will not consolidate the stock as he is in to deep with the funds in my opinion .
Thirdly news flo poor do I need to explain dates missed etc adds to the funds ability to affect in my opinion an interesting find.
JH goes to London then Singapore then London no interest in the stock from ether direction other than metal tiger surprise surprise .
Interesting to note that Western Areas has jumped 32 % since JH left .
I am with you Denial 9 cents seems right to me (sadly come year end )
HP
MOD Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held