Trade Volume

Quick summary regarding SP movements and respective trade volume (sourced from commsec) since the trading suspension was lifted.

27 November (last trading day prior to trading halt on 28 November) - SP closed at .8 cents with trading volume of 6.654 million

4 December (trading suspension lifted at 1.30pm AEST) - SP opened at 1.2 cents and closed at 1.1 cents with trading volume of 13.399 million

5 December - SP opened at 1.1 cents and closed at 1 cent with trading volume of 4.805 million

8 December - SP opened at .9 cents and closed at .9 cents with trading volume of 1.641 million

9 December - SP opened at .9 cents and closed at .8 cents with trading volume of 265k.


In summary - we are back at the SP we closed at prior to trading halt, AGM and Matmor acquisition announcement.

Trading volume has been very poor totalling approximately 20 million over 4 trading days since the announcement. SP has come back down to .8 cents on the back of very little trading volume IMO.

IMO - unless trading volume picks up coupled with publicity of ESI either globally (India) or locally (Australia) as well as an announcement we are going to be sitting in a range of .8 cents and 1cent.

All IMO. DYOR.