As this really is the most significant catalyst for SP leg up it is hard to say as no idea what sort of insto / broker / HNW or just retail exposure in general will want to scoop up a significant stake... in reality there isn't much shares on offer AT ALL free float. Maybe 80M. directors won't be selling.
Think about how little that is 80M shares is for bigger players who want a chunk and potential influence.
Personally I'd be happy with solid news on covid-19 in one complete simple ANN and an open that clears 18-20c range followed by daily solid churn around 20-23c range maybe 25c maybe for a few sessions maybe not before any leg up...which will be future deals , distributors and other ANN's that will take it 25c+
But who knows might open in the 20's and explode north into low-mid 30c range...
You know what i was thinking about... All the casino, pokie, sportsbet punters have nowhere to stick their money and imo this is a crazy sector right now... might add to the liquidity!!
HCT potentially the first covid-19 effective all natural product... that might make the big news stage !
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