"..way...waaaaay too much overhang...nearly 100m shares traded in 2 days didn't even make a dint..."
Well considering it was trading at .003 last week and it traded as high as .006 this week, that is a 100% variable.
Quite regularly, volume signals the start of a move so i dont buy your overhang theory. The amount of shares on issue is somewhat irrelevant when moving a share price. It will be the $$$$$ coming in that moves the price.
If the market sees the value the volume will increase and so the share price.
Cheers
MPJ Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held