Yep, someone is playing hardball - three outside weeks down (including this week) is totally against fundamentals.
It really means that party is desperate to get a position at low value - but as yet the sell side is still small while the (retail) buy side is building. If its a soff his buys wont be visible. And the volume is crazy small. So I guess they are making a play for the oppies - very buyable at 3.5c - but I bought mine a year ago at 0.9c so I'm reluctant to step in and spoil. Ten or twenty grand would be enough to clear the low hanging fruit.
Why the oppies? well think about Tempest - kilometer scale outcrop waiting for a drill, could open this show right up - or Tornado or Tempest. And I'm pretty sure the drill will happen before the oppies strike.
[to test I tried to buy some oppies - but the broker cancelled my orders - maybe some obscure ASX rule about trading in gaps, or **~~**?]
Went over to SS1, to see how those guys are traveling - took a small sip.
AW1 Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
