still being bought

Today was interesting...

Traded 1.178mn shares but of this total around 900k was bought at 15.5c and 16c.

Even just before the close someone grabbed 100k at 16c and then in the closing auction placed a further 100k at 16c in the bid queue.

We closed at 16c bid even thought the last trade closing price shows 15.5.

So it is beginning to look less like a p&d with each day that passes. More like a re-rating although I do not know the reason. Apart from the asset backing of 32c per share as per the last half yearly. Although we have known that for ages so that cannot be the reason.

So we have traded 6.6mn shares approx over the last 3 days the value of which is about $950k after many months during which the volume was tiny in comparsion.

I still think that someone knows something that the rest of us don't.

So for now I keep on holding.

EB