Brains, recent announcements have been good. Results are good, plan is good and hints are good:
“This is a rapid-evaluation project and is already on the map”
“Customer and potential partnership discussion in progress”
Today’s trading may have also answered some of your questions.
We had a holder with little patients this morning, selling 200k (or there abouts) on-market and knocking the price down to 25.5. As soon as this happened we saw 100k orders come in at 26 & 26.5.
No one was interested in selling into the order at 26, even though we had a fairly large sell at 25.5, and again not much interest in 26.5 either.
Judging from today’s action I think news is not all that far away and we have plenty of buyers on the sideline.
Back to 30 soon. There are very little sellers about, despite a lot of them sitting on a 100+% profit, and option buyers are starting to build again.
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