nice finish today, page-3

"...seeing 7 buyers lined up at 12c.."
I think you meant ""...seeing 7 buyers lined up at 13c.."

There are 21 buyers at 12c !! :)

All up the Buy-Sell has migrated from 0.33 on Thursday to 0.61 Friday and 1.10 now ie there are now more buyers than sellers. Up until the end of last week, sellers outnumber buyers by three to one, now buyers outnumber sellers (according to number of shares sought verses number of shares offered).

The sellers become thicker around 15c through to 16.5c, so that is where the share price will probably stabilise for a few weeks. Those who take up the 8c offer could well double their money, but $5,000 is all one is allowed to invest ~ does one feel a feeding frenzy coming on?

Many of those smaller buyers are taking the minimum purchase that many brokers will allow (eg CommSec) just so that they will have a holding on April 14^th, the date on which investors need to have a holding in order to qualify for the share offer. I think we will see small investments of this nature right up until the 14^th, with a possible frenzy on the closing date as those making last minute buyers try to get in before the closing bell.

All my friends, family and neighbours have had their interest stimulated but, like so many mums and dads, they will wait until they have had a family conference and done some bean counting before they finally do something, and then, like those investors we so love and cherish, they will buy when the price peaks and sell when it drops back down (they can have some of mine, and I'll then have some of theirs - isn't life wonderful!! :)

Robert