consolidation 1 for 8, page-20

Well, the market likes the consolidation.

One buyer of 1 mil took out all the sellers at 12c.

Plenty of buyers now queueing up at 11.5c.

I agree that after consolidation, $1 may offer some resistance. Eve so, for sellers $1 is 8% above buyers now queueing at 11.5.

When the next good news comes out, we will see $1 easily broken, just as 12.5 has in the past. Then we may see $1 acting as support rather than resistance.

It looks like they are proposing a special meeting, rather than waiting to the next AGM to approve the consolidation. Perhaps they have more plans for boosting the SP after the consolidation.