Not quite sure downside risk is limited to only 6c, if we don’t get a done deal soon or another delay this will be lucky to hold 5c. If nothing eventuates from the offtake it will be 2c & below. The past two trading days have been quite weak with little buying support & quite a retrace from 8.1c -6.4c.
Also the past two days someone has been buying up before close to keep the closing price up.
Today would of been a lower close if the 500k buyer didn’t turn up bidding .02 above the next small buyer below at .067 in preopen.
I’m hoping we are not going to see a CR & this SP isn’t only holding up just for a good VWAP.
Let’s hope good news is on the horizon & this thing can finally get some legs and run into the teens at least I’m running out of patience!
This boat should leak if something good coming our way or otherwise.
Good Luck to All & may we crack 10c before my next post
