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Ann: June Quarterly Report and App 4C, page-103

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Explacly

676 Posts.

23

14/11/17

17:43

Post #: 28784993
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Originally posted by Explacly ↑

I was a cheer leader until the quarterly dropped. I sold out a large parcel thankfully early enough. IMO there are signs tthat large holdings are waiting to sell off if there are buyers up to 2 cents in the short term. For the remainder of the quarter I can only see lower.

I believe the next SP inflection point will be to see what wording the company use in the next post quarter announcement and then see how it compares in the September quarterly. I waited patiently for 3 quarters to see if they could kick start the required exponential revenue growth this company needs to survive its current cash reserves, but haven't seen it. That was my KPI.

IMO forecast... The share price will surely test the lows of 5 weeks ago at 1.2c. That should act as a base price for the next 3 months (it would have to hold), with a high of 1.5 as its trading range. Its too risky for me to think about buying in again considering cash outflow vs inflow has gotten worse since this time last year, but I'll see.

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Falling through the 1.2c low signals a continuation of the down trend.

VPC Price at posting: 1.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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