chart, page-18

Hi Dreadnought - these are T/A comments only - Fundamentals are well covered on the other threads.

The comment was a share price comment not a comment on the company as such.

The chart reflects the current sentiment towards the company - clearly at this point in time supply outweighs demand and after a promising start hitting 23c after coming out of suspension it closed the gap back down to 17c-

Technically hitting a new low at 16.5c is a very bearish T/A signal hence you look for a lower level to find support and that level is 14c and is a double bottom.

Im not saying it will even hit 14c but it does look a high probability- If that was to happen you would expect strong buying interest at that price - if that didn't happen then the price falls into uncharted territory.

Hoot