This SP action is starting to get rather silly now.
Is the general feeling really that the market cap is just way too high at $1 or even .90c?
Is there a major holder selling out - is there anyway of identifying a single broker responsible for a large percentage of the recent trades?
If neither of the above, then I hate to think what seems to be known or felt by a substantial number of people that leads them to desert the ship just as it is about to dock and off load a few containers of $100 bills!!
My hope the that a major holder from the 40c or 50c days is taking profits, then at least the relentless disposal of shares will stop soon.
At least there are a few buyers, just not enough at the higher levels to maintain a solid SP prior to a soon to be needed cap raising - GRRRRR!!
Well, such is life, I still see this as a very happy long term hold, just hate to see these periods of nerve rattling selling!!
Cheers
Cabe
SFX Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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