It's got the feeling to me like its about to pop, in a good way.
The buy/sell looks good, general volume continues to be strong compared with past trading, the action is in the opposite direction to most in the sector, ... Feels like pressure is building, in our favour.
Prior to the start of today's trading, I had similar reservations to those pointed out (much better than I ever could) by Seagull. But the feel of it today is that the re-rate will continue on for the moment. If the pressure is coming from short covering and there are still a lot out there, then maybe we will get a recovering surge along with the re-rate.
Oh yes, then there will be the string of announcements over a period of time.
Nice!!
AGY Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
