There has been a significant increase (45m) in the Total Market Depth on the buy side this morning following the cumulative announcements of the approval for the Canadian Manufacturing plant by the Canadian Government and the product sales deal with Dow top 30 company MMM (3M).
I expect there will be some buying today to get a slice of the share issue at .005c, Although I'd expect it to be on the basis of something like 1:4 or there abouts, there will even be existing holders who want to get some and average down their holding price.
It will be great to see this go back to previous levels around the 3c mark.
Just hope there aren't too many day traders buying but that's life on the stock market.
The sell stack is thin above 1c
There has been no discernible increase in the TMD sell volume.
Opening volume looks from the current buy/sells to be about 36m. There is potential to see a 100m volume day today.
Closing price...? A stab at say 1c to 1.3c maybe of some of the buyers secure a stake to take advantage of the big growth announcements and professional management team established.
Good luck to all holders today, hold for the re rating. Whatever happens today, there looks to be much bigger days ahead
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