I am hopeful that GW will manage the share price to above 1.5 cents before the deal closes in Mid July. A large cornerstone investor out of Europe getting on board and I get the feeling there was another buyer through macquarie etc before the trading halt buying in the algos, noticeably absent y/day.
My stock is in the DO NOT SELL basket, I would buy any dip towards the 200 day moving average at 1 cent (but not expecting it). If GW can get the share price above 1.5 cents I may look to support the capital raising, but am assuming he has buyers for most of that stock already.
Synchronized global growth is still a theme out there, so some are trying to fade this slide in resources price and resource stocks, but we're yet to find bases it feels. Oil not doing too bad anyways.
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