Certainly no shortage of supply at 3.5c today.
Leet had around 16m and TE had around 14m but I find it hard to believe that TE would be dumping out.
So I cant imagine there are more than a couple of million left to feed out in 500k parcels.
Last three days 24.8m traded and not much range in there for traders with vwaps of 3.25, 3.45 and 3.5c. Makes me think only around half the volume is trading related and the rest the consistent 500k parcel dumper being taken by spec buyers.
Would sure be nice to see what this can do once that 500k It will be interesting to see what this can do when that seller's volume dries up.
Hopefully it can slot through that tomorrow and we can see if it displays any more significant resistance. I suspect volume will remain high as I think the shares are going to shorter term spec positions and not a single larger accumulator.
Lots of buy side props keep vanishing or jumping around when threatened, but clearly many soaking up the sellers shares despite that which gives me hope it is not merely a pump and dump.
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