Good post Priest (bless you my son ... sorry couldn't resist !)
It was always a bit vulnerable to being sold off after the spike .... quite a few stale bulls taking the exit ...and the recent run up from 16-25 cents was on low volume and generally low parcel sizes(smaller speculators)
As you rightly point out, we are overweight with positives on this stock, especially after todays announcement. It will be interesting to see how it fares over the next few days/weeks.
Considering that management has given their intention to raise cash via a placement to some sophistos, maybe the late push down was strategic, and there may be further attempts to jockey the weekly vwrap down so they can get in at better prices when the time comes ...... if that happens it will simply present an even better buying opportunity for us smaller guys. Interesting times ahead.
DMA Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
