whats going on?, page-2

After the recent positive announcements in March and May, the share price rose strongly (29c high in March, 21c high in May) and has fallen back both times. A similar situation happened last year when the White Mountain investment was first announced.

We need to see the June quarterly 4C appendix to get an idea of cash flow and whether they are making a profit from their new activities. I think if it impresses, then we might see a higher floor than 13c be established. At least from recent announcements, we can see a revenue stream appearing and hopefully they are heading in the right direction.

Since this stock is very sensitive to announcements, it seems that it's stock price falls in between them. It's just the nature of the stock. The canny investor would probably sell immediately after and buy again a month or so later. I am not a canny investor but at least I'm sitting on a gain.