Agree MCV1
Impressed that a day when 85mill shares issued to SI (received today) the SP has traded up at 2.4c all day so far. Thats sans would looks like a small at market sell that missed the reopen volume after the announcement and hit 2.3c. Todays onle sale at 2.3
Support of 2.2c is looking strong and happy to wait and hear from our excellent chartists.
Maybe some trades at 2.3 to end the day but with volume dropping down the sell ladder to the nearest exit, a bounce may also be expected with a good PB announcement. Its 3 days now since the SI issue announcement and the actual receipt of the shares is so far greated the lowest volume.
The announcement of the record date for the current shareholders may see some short term selling but with the general market down today the shareprice is tading above the level of 7 trading days ago when it hit a new 52 week high and the 1st traunch of 85 mill shares is in the market.
Could have egg on my face by the end of the day but long term markers are looking really good to me.
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