Only issue I think holding it back from taking a run right now is there is in my opinion a seller which is in the Top20(from the volume) reducing their holding around 5c. I am trying to get hold of the Top20 to see who it is. From what I can see Cygnet Capital got 72M shares at .5c per in a rights shortfall. There were also another 66M issued at 1c.. So those holders may be selling but I will check when the AR comes out. This may also help to increase liquidity.
They run on a calander year so Annual Report should come out next week.
I picked up a big parcel in the placement and I think this stock will be re-rated soon.
TAW Price at posting:
4.6¢ Sentiment: ST Buy Disclosure: Held
