Great posts guys TU I'm glad we had that announcement today but it slipped under the radar by most.
I reckon your both right on the money though and yes on the figures shaping up we can just hold on and there will be none to sell :)
The buyers and sellers volume on order has actually swung to the buyers, even though the number of buyers are still less.
Buyers 30 but shares on order 4,623,242 Sellers 38 but shares on offer only 4,024,010
...........and these figures are at close. In the morning buyers ratio should increase even further.
If you take out the stagnant sell orders around 10c the buy side is in fact much stronger. Buys are from 5.0 to 6.4 and if we take out sells sitting above 8.0c then the shares on offer are around 2,300,000 less. Being only half the buys on order.
The announcement today was forward movement with thanks to CGM management from your shareholders.
I look forward to meeting you all one day, taking a break at our next AGM or sooner and we'll all have a nice long ale or ten.
GL all :)
CGM Price at posting:
6.4¢ Sentiment: LT Buy Disclosure: Held