An additional thought here regarding the new money... I would assume many of the shares leaving today belonged to those in early, and likely in at the 16c raise last year. Can understand the rationale there if many shares decided to take 2.5x profit and walk away green and smiley
...what they've left is 45m shares that have changed hands. Love to see the buying data in a couple of days to see who hoovers up that kind of volume. But my hypothesis from there... Some new hands will aim to take a quick 20%, but most looked at the fundamental upside opportunity and they will be here looking for their first and second bag.... That will come at 78c, $1.15 and beyond. Those in at 16c may have created more resistance as we go up than the new hands will
Hypothesis only
FFX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held