I would think if the share price were to go in the 5 cent range Tuesday it would be seen as too cheap and bounce pretty hard back in the 6-7 price range. I know I will be buying more if it does.
Although 30m shares capital raising is dilutional, it is a very minor raising when offset against the other shares on issue and the progress of PB3 now heading in to testing.
PB3 is heading in to the business end of all this now and it's going to only increase the tension to rally rather than decline on only positive news.
GDN Price at posting:
12.6¢ Sentiment: Buy Disclosure: Held