Looking at the charts, IOU has never had a chart formation like...

Looking at the charts, IOU has never had a chart formation like this (since the big run to 85c), usually after a 30% jump there's a different pattern.

What we see here is a bounce and then stabilisation, (first time on chart this year)

This sets a foundation for a change in pattern, let's not forget here we do not want to see a pump and drop again. The 29c was the catalyst to change the downwards trend and thwe've now seen that has worked.

We've consolidated and held 25 nicely, it would be nice to see those 10-15% movements now back towards and above 30c.

There's no real resistance here other than a small barrier 30-32, beyond that it'll take us well into the 40c and this time with institutional money that's looking for the next TO.

We also don't need to worry about another raise with that $51m in the bank.