Hi Charlie,
I don't believe the theories about predators circling. That doesn't mean they are not true, it just means that I don't believe them.
I don't believe there has been manipulation of the share price. The share price is at current levels because the market was hugely underwhelmed by the recent resource update figures.
I believe that there is upside from here. However, it is precarious. The new investor will not want to accept a large loss. If positive news does not flow and the share price appreciate relatively soon, the new investor will be gone. (They may be gone even with a SP appreciation of course).
Don't get me wrong, I'm positive on the story from here but it is still very speculative.
M.
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