wake up people..., page-63

It was a pretty quick cashed up dead cat yesterday arvo.

If you had been hording cash on side line looking for entry over past year or two this is the event you have been waiting for.

The run up from 24c to $1.40 was part of that shift of capital in as it became apparent what MAD had in assets and production future.

The ride attracted attention and the thrill seekers have hopped off over the past few weeks. Some to take profit and sit on cash, some because they had to sell. A bit of pressure was applied to them yesterday and the long termers mopped up. I suspect there will be more of that today, tomorrow etc.

When it starts to tick up against the market then either the reserves/production increase has kicked in or the potential of those announcements and that activity compells long term investors to commit as game playing has more risk.

Debut in ASX 200 later in year will also force institutional investment. With long term money parked here they will have to be buying at greater than $1 a share. There is a tidy sum to be made between now and September watch for the block trades around then.