If management are going to stick to their expansion plans, then this company is due for a sizable capital raising soon. Management would love to do a SPP at 25c, but they need to keep the SP above 30c for this to be a realistic possibility. The big buy order at 25c looks obviously fake – planted to give confidence to the gullible and hold up a shakey looking sp.
If the sp falls in the near future, the capital raising could be priced as low as 17c a share.
I'd approach this stock with caution until after the next capital raising.
DDT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
