It's a bit hard to understand the selling pressure, as it was looking like pushing into the 9's and going further. However dealing at this end of the market, is full of manipulation as we would all know. So I can only look at the facts that they have a resource that might be worth something, but who would stump up $3m odd at a reasonable premium unless they feel comfortable in the prospects?? And the fact that the largest chunk of that was just recently, makes me believe that there is something coming very soon. But still think the trading is weird. Could they be holding it back trying to accumulate on market? Or is it as simple as stale holders looking to exit at a price they think is fair (7c). Anyhow one way or another we should get announcement within the next few weeks to notify the market of the closing of issuing of shares and what they are going to do with the money. Interesting times. Same over on VTX, an interesting story to play out.
DUO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
