VXLeather, you could well be right about investors waiting for the full financials before diving in.
Indeed, if you are, we haven't got long to wait, having already entered the second half of the month and the audited FY17 report due by Aug. 31.
We're also half way through the first quarter of the new FY, so CNW must be getting some sort of an idea about how things are shaping up. I doubt they'll have much insight into the full FY18, but you never know.
Some robust language from CNW about these two periods could yet prove to be a catalyst and in the short term send the SP higher, potentially knocking on the door of 2.4/2.5, where it stalled on the last rally.
I bought my first modest parcel of CNW today, and a steady rise back to those levels or beyond would sure be better than a kick up the bottom.
CNW Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
