Buyers:Sellers ratio this morning is 2.65:1. Not as strong as yesterday so I am expecting about 5% rise to 5.8c close today.
It will require 40M+ shares to be traded to flush out the 24M options converted yesterday unless they have already been offloaded into yesterday's 71M+ traded volume.
I am not 100% on timing of Appendix 2A announcements, ie. are they released as soon as the conversion occurs (morning, afternoon) or simply released after market as has been the cases with DW8?
Will be interesting to see what happens today but the overall trend is up now.
Small walls at 5.9c & 6c.
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