My two cents, page-85

It isn't difficult to interpret the current price action as suspicious with the price seemingly anchored around the significant 80 cents level. Is it being capped, maybe? There is certainly a consistent pattern of activity in the two formative areas of intraday activity, the open and the close.

The open is where the amateurs or retailers usually prevail and the close is where the pros do most of their work. There is often some sign of bullish opening activity with AJX which usually gets quietly whittled away within minutes whilst any signs of bullish activity remaining towards and during the closing auction seems to be dealt with similarly.

Undoubtedly there is algoithmic action on both sides of the market with visible bot patterns. One gets the impression that 80 cents seems to be in the comfort zone currently of the daily activity and whether it is simply about the balance of prevailing market forces or is getting a nudge from vested interests or both is a moot point. It is what it is.

As long as current price action doesn't lead to distorted outcomes from the looming US listing I am not too concerned because ultimately the intrinsic value will prevail.