Interesting that the demand hit the market earlier in August to see the share price push through the 200day MA and touch 14c couldn't sustain with decent liquidity hitting the offer shortly there after to see the price push back to the 12c - 12.5c zone and break below both the 15 & 30 day MA's. The MACD has subsequently broken down as a result of this move.
Circa $10mil of stock to be printed tomorrow for the 2nd trance of the 8c placement. With drill results expected in the coming couple of weeks it will be interesting to see if / how much of this newly printed stock will make it's way back to the market. Certainly plenty of opportunity here and maybe another chance to pick up some loose shares back towards the 10c mark pre results.
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looks primed, page-19
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