I think there's a lot of vested interests working very hard to keep the lid on this thing so it doesn't pop too early, or at the wrong time. It's on both the LSE and ASX. This arvo's ASX close was fishy. If you check course of sales or equivalent it was all stable and then a slew of small orders all well after 4pm, then one really large one and a few final stragglers. All with a sudden out of nowhere 10-12 cents price drop. For the price drop to hold someone must have been low balling on the sell side at the same time. The price level jumps straight from roughly 1.7 - 1.6 in a single trade. Seems a bit weird. Also noticed large premarket trades on LSE early 20/01 and since at roughly 12% below the rest of the traded price levels. Same pattern we've seen all week on ASX seems to be happening right now on LSE. Tries to climb and soon as it gets traction a trickle of under-priced sells pulls it back again.
PM8 Price at posting:
$1.61 Sentiment: Hold Disclosure: Held
