Its important to remember there's a few different levers being pulled here.
- Obviously the good news on a very low share price is a positive, and for most of us we expect it to rise accordingly.
- However, the last two price runs have been massive pump and dumps, which I think have left actual investors very nervous.
- There are traders who would love nothing more than the pump and dump conditions to repeat themselves and make a quick buck in the process.
- All of us know there must be a price correction coming at some point.
- However, there are likely still traders trapped in from the last P&D sessions at prices higher than where we are now.
- Any actual news about a JV or overseas contract will be probably be slow going - 2-3 months (given normal lead in times).
- However, we are expecting news about the release of the EnvioSuite bolt-ons to customers 'by the end of July' (any day now). This could be the catalyst for movement.
- Additionally the August report should be more glowing than the last few have been.
- But I'm sure investors (not traders) will be more than happy to watch the slow creeping of price movement (filling the gaps on the way up), as we're not going anywhere, and are happy to wait.
There are both positives and negatives floating around out there, I can see why upwards momentum is slow going... but maybe positively so.
EVS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
