Liking the sp rise but one thing to keep in mind is in the latest 2A, shares have already been issued for 4.5c.
Given there is a second tranche, holders will possibly unload at these levels, knowing that they will get a second dib (if passed) at 4.5c ... effectively free carried.
Would not be surprised if we stall at this level (baring left field news). Happy to be proved wrong!
Chartists may have other views.
GLTH,
Perdy
Ann: Change in substantial holding, page-7
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