Hello dleb..... I am least and last of the ones able to answer such questions...or answer them usefully .
I don’t know whether news here will be good or bad for one.
Because of the meeting today I suspect there may be some leaks this evening so hopefully we will find out soon.
Sadly just before the trading halt, yesterday it was a high volume day with more than a million shares sold and the price closed below $1.175 ($1.165) which - from what I have read- was a technical holding point .
That wasn’t a good auspice.
..but as I said in the earlier post, maybe it is good news despite the price action yesterday ?
I also think the company is fundamentally already valued very low but because it is around 88% or 90% held by institutions it us how they want to play it that will change the price - up or down .
Again from what I have read,: the price needs to get back over $1.22c and stay there consistently before further price gains can be made...the next jump after that it would need to find and secure over repeated days closes higher than $1,35.
Nothing is going to happen without some solid good news
Even if we get that the comosny is dealing with a ‘skittish’ global market .
Hope that helps.
Cheers.
MLD Price at posting:
$1.18 Sentiment: Hold Disclosure: Held