stock was in a steady state decline and then capitulated, before finding a floor… directors starting buy in June and we now know a US based fund was absorbing the retail capitulation..
the way in which they had to buy scraps on market to get their fill shows how hard it is to build a large position in an illiquid stock such as this.
I for one have built up quite a stockpile and if I were to try do that now, I’d push this past 10c myself.
the remaining retail holders who withstood that capitulation are likely in for the long haul, and are less willing to let go of their shares on such a modest bounce.
agree this should be trading above 10c, and we might see some volume appear at those levels and get some more eyes on this hidden gem
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