check out this report $$$, page-5

re: slingshot effect - watch this space... Looks like the selling at 18c may have been cleaned out...

Or perhaps they have simply been convinced to sell at higher prices?

Whatever the reason, the constant trickle of small orders hitting 18c seemed to abate somewhat late yesterday...and now we have some reasonable buyers stepping up.

It's not going to move too quickly in my opinion, as buyers seem to be patient (and professional), but you can't hold back the tide forever.

Rights are incredibly cheap...not sure the market understands the goodies attached.

But then again, I am biased...LOL...I own a heaps of them.

Cheers!