Hello beatrice27,
Well this is only me supposing a reason. You have to remember that this share has run up from around 1.8c around 8 weeks ago when an announcement did not eventuate. So i suppose alot of people have decided to take profits now as they would have made a reasonable percentage in a reasonably short time, and good on them to, as this is the objective of the game.
If the share price had of run crazely upwards on this announcement, then i would be offloading some also.
As i have stated before, my average holding price is 2.6c
Now i could offload them now at around 3c and make a nice pay check for the time i have held as i`m holding just under 6 million of these.
But if production and cash flow happens within 6 months time as has been forcast, then surely the share price will be at least a conservative 6c, double what it is now. So that is why i have decided to hold these for at least another 6 months, as i can see a bigger paycheck once production starts.
Regards The Tinhopper
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- good announcement and presentation
good announcement and presentation, page-4
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