Most of the selling at 0.6 c in the last few days are disgruntled S/Hs who are petrified of exiting their position (in event the share price turns subsequent to commencement of production with the new Tomra) but are not willing to commit anymore additional funds.
For example, if you own 10 million shares, sell 4 million at 0.6c & take up your rights entitlement of 4 million at 0.5 c and pocket the $4,000 profit. Not a bad trade.
As of next Monday these sellers will disappear.
MED Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
