afternoon run, page-16

Hour by hur trading...

10.0m
3.4m
1.1m
0.8m
1.1m
1.5m (included close aution volume)

Well...the last hour volume did not come as I expected, so we got the softer finish which is actually better than a half-pregnant middle volume run to 45c.

What we really wanted was a lower volume soft landing (as we got)...or a high volume (3.4m+) last hour run to close at, above, or very near 50c.

Anything in between (say like a 2m 45c finish) would have been less attractive.

Really though, given most of us are holding from the 20c line (or less) and options from 6c (or less), such intra-day moves are in all rality inconsequential.

Same situatio now as at 20c after the initial announcements...the smarties did their sums and knew what was coming...whilst others took profits at 20c, keeping the stock range bound for a period...and patted themselves on the back.

We saw the same today...only this time I suspect the gravity of the results will see much less range-bound trading...well at least at current levels.

Regardless however...good luck all...with a 6 month view (maybe less), I am expecting a 4 fold increase.

Minimum!

Cheers!