Hi Gass,
From 0.007-0.008c was the great buying op and you only have to go back a few weeks to see a few(inners maybe?) that have lined up their pockets
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 |
|---|
| 1 | 06/10/2023 | 0.008 | 0.009 | 0.008 | 0.009 | 0.002 | 28.57 | 13,293,148 |
|---|
This 10x volume also told its own story(somewhat)
The buying since has been relatively small but more importantly the selling down in anticipation of good news coming has dried up allowing the bids to swell and you have to buy into the next price up or join the big que at the bottom and hope you get hit...
I dont see it poping just yet but the move to 1c was always going to happen in the near term, what we need now is this to sustain to the next hurdle which is 1.4c and the chartists will know this and are having a short term fill for when it reaches and no doubt will be taking their 30-40% gains(very wise too)
The Dr and consultants will know the above and it is then how the Dr will jump in and should be delivering at least 2 very good Ann's, the first being the Tox report showing no signs of anything untoward to go to clinic and then the second which there is no apparant failings in the manufactoring proceedure and with more security in place to make sure the third production run works....
But this news by then should be priced in and we will have traders/short termers leave the platform, UNLESS these 2 Ann's can be followed by or inclusive of a concrete timing of when the production run will commence and a genuine timeline to go to clinic(ie q3 or q4) this is when the good POP will occur, until then it is just a jostling for a cheap entry for a few pips gain(which is a good percentage at these prices)
A good end to the year looks strong and depending on how the Dr delivers and can back up with a full schedule of the next 6 months might see a rerating we have long waited for....
A DELAY was always promoted by James and if it is just a DELAY then we have been gifted at the lows to average down for our reddier than red holdings for the longies.......
It sure feels better having green on a day and the bids loading up than red and a pittance of trading....
Looking forward to the next few weeks with an average half of what it used to be..
Good luck
