I just had a look at the T20. They hold 70% of shares leaving a free float of just over 18 million. So far a total of 23 million have exchanged hands in the first two days, justifying a VWAP around 37c.
The company is cashed up, with plenty of news flow to come in the not too distant future.
I'm holding here after my initial two purchases today as once a few disgruntled traders exit, this should start to move very nicely.
Another side note: MTM - I see this falling well and truly into the 6c range, more issued shares there at 6.4 and a whole host stuck above. I'm steering well clear.
