Congratulations on multi-bagging. You've backed a great growth...

Congratulations on multi-bagging. You've backed a great growth company, which has returned circa 500% in less than two years. I'm of the view that the patient UWL investor will continue to be rewarded.

As @BeTrader referred to, the recent ATH breakout above $1.84 after base building for 1.5 years was significant. It presumably attracted a lot of traders and new investors as it pierecd $2, but then failed close above this round number. There's since been a few days of selling pressure and now many breakout traders will be underwater.

I agree with others that the 4C results are excellent (and they surpassed my expectations), but this news has been sold into. It looks like many of those who participated in the Placement/SPP are locking-in gains - content with selling out for 20% to 33% returns over a short period of time.

Today's selling volume looks like traders are exiting and there could be further downward pressure. I'll continue to monitor as I look to build a position.