"There's obviously a number of people out there taking profits."
This should be expected from T+3 traders. Likely to be more waves over the next couple of days.
I have no opinion on the likelihood of commerciality - not enough info. However I am satisfied that last weeks news was encouraging. Furthermore a review of historical spikes shows a consistent pattern of multiple announcements by the company to drive it. It seems the balance of probabilities is that Annells will have a plan in place to drive the price further as we've had very little news to date compared to historical spikes.
Expect a flow of announcements over a period of a few weeks going on history. I'm holding for now on that basis.
LKO Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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