I suspect someone on HC had a buy order in at 5.9 cents else it may have something to do with charting which is indeed a black art to me and I can not help you there.
Someone mentioned earlier that they where waiting for the quarterly and hoped that it included the deal done by Westcoast with St John Ambulance Australia wide. I asked Steve about this and he said although they where pleased with the contract Saint John Ambulance are just one of a number of clients serviced by Westcoast and as such it did not warrant an announcement on the ASX.
Still can't figure the regular sell down, I for one don't subscribe to the manipulation theory, instead I think it is as a result of the amount of time we spent in the 1 to 3 cent range and people may well be getting a 3 bagger at 6 cents. The volume just needs to kick up a little so as to continue forming a base around these and higher levels.
I often sit down over a red or a scotch and soda (or on the rocks) and try to contemplate the value of what Suda have locked away - and every time I just can't understand why we are at 6 cents, given all that has taken place in the past few months even the risk level in my personal view has reduced to a point where the question is not "is our IP worth something" but rather "how much is it worth". When we have a market cap in the sixty million dollar range presently I can see the company reaching 200 million very quickly hence my belief we are worth 20 cents. This without properly factoring in Sudamist 2,3,4,5,6,7,8,9,10,11,12,13,14,15............
Perhaps I've had one red to many, who knows, but Kip, Livas, Bluebush (who from memory I met at an AGM one time) and co I will be looking you all up and introducing myself in person if this company is just a fraction as good as I think it is.
Essentially do your own research in case things don't go to plan (Kip we may have to rent a house together if that transpires as I don't think our wives will want to know us) and make your own mind up - there you can't sue me now......Pheeeewww
Just my thoughts
Clyde
SUD Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
(20min delay)