The fact some are "exploding" as they are is by design in my view.
Just about every major run I have ever seen in a micro-cap has been preceeded with a cleansing of the register of one sort or the other...its as if the system simply cannot cope with the idea of small retail actually making money.
Its as if a universal "expiry date" kicks in for most retailers just prior to fundamentally significant shifts in value.
I am sure virtually everyone here has experienced this.
The activity in NDO when she was "stuck" and under the pressure of "mindless churn" in the 4-6c range, I remember at the time nearly tipped me from the stock...it was at this very moment that behind the scenes the company was on the verge of finalising significant fundamental activities.
Of course we did not know that at the time...and of course the threads were filled with negative comments, somewhat confronting in their intensity.
I distinctly remember thiking I should thin down, somewhat dispondent in the face of a stock apparently incapable of rising against the actions of "someone" workng the stock. I also remember reassessing the fundamentals, weighing them up against known activities and prior commitments...and deciding to ride it out.
Whilst the activity continued for a few more weeks, it was around this time the stock suddenly made its move...completely without reason...rising from about 5c to the mid teens realtiveyl quickly, eventually running to the mid 20's a short time after that.
All the while, most onlookers were not game to buy into the rally...for fear it was yet another pump and dump range trade effort.
This time it was not however.
All I can suggest to people is if in doubt, simply revist official ASX communications...aftr all, this is the only official communications we have. It is entirely self defeating to concern ourselves not with what hasn't been said.
In this regard, frankly, it looks to me like the company may well have learnt from recent experiences on the announcement front?
For the market, surprise due to exceeding expectations is always so much more effective than the disappointment of simply meeting them.
Think about it.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
