where are the sellers, page-51

and you ... col75 ...

while I don't appreciate your sarcasm (or is it sarcasm? I don't know)

I had orders at 4c, 4.1c and 4.3c last week, expecting (but not certain) for it to hit 4.1c, and got some at 4.3c yesterday, sold them today 4.7c.

However, as I said in the past, I'm a trader and can buy higher if I miss out on the low targets.

Also I have some more stock which I bought at 4.7c the day before suspension for cap raising announcement. I still have them waiting to sell higher up.


If you want my prediction...

I can't be sure :P

but, I think short term (maybe today even) you'll see a run up towards JORC release countered by the sell off around the time the new shares are released (I must look up what day that is).

It will stay in a trading range. Sadly, I believe that the JORC ann will be a buy on rumour, sell on fact affair - I think that if the announcement that they are about to release JORC did nothing for the share price, then how can the real one do any or much better?

Most importantly, my guess is that the market depth atm is actually the opposite of what it appears - those 500k-2000k orders are fake and designed to prop price toward ~5c where you'll see them vanish and sellers run it back to 4.3-4.4c again (perhaps in coordination with the new shares coming on market). To help they'll add lots of million odd share sell orders.

There's plenty of solace for the holders though - I think there'll be much lower risk now holding (company definately developing well) so its worth always keeping a bit of stock in hand, but I suggest if you don't have any atm, be patient, and buy low.