a question for t4p, page-3

gday mwatts,

I don't like where they are at atm.

Post EGM, a sell down is on the cards imo. They will drive it down to prices where traders will jump on board (and with volume). I'll tip 0.005-0.007 because half you punters out there will soak it up and with decent volume imo allowing the top 3 to realise scrip for cash.

May have some trading ranges, but doors to close imo. Retailers are out of cash (ie the shortfall), next placement - if there is one will be at 0.005 or less and thats not enough of a range to exit on (and too many shares to dump imo).

I was going to wait until after EGM to have a crack, but can see this scenario coming a mile away (as can a few other experienced traders out there).

Market is vile atm. In CVI, its traders against traders until the placements get dumped. I can see Smythie giggling at the concept now ' "burn you internetties, burn".

After following trents website, the collectives website and resolutions, the introduction of MJ on the scene, and the obscurity (ie non-existence) of the leases - the CVI boys will resurface in a new vehicle down the track (only if bassies chums haven't got to them first lol).


Anyways be careful trading this puppie, if you hesitate for one moment or are in two frames of mind - simply stay out and spectate.

Cheers,
The Spectator..oops The Sparkler