Another great day with significant volume for CL8. I think with...

Another great day with significant volume for CL8. I think with such a tightly held stock with low numbers there wont be significant resistance and we may see significant moves if we can complete the cap raise and continue to secure supply.

I think that Technical resistance on the chart at 3.4c then 4, 5,6 cents ( i'm no chartist so feel free to correct me).

Beyond 6 the options come into play.

With the current annual run rate of $2.5m revenue plus the potential for $4.7m from the new facility if all cars are delivered and subscribed at 87% utilisation. That would see over $7m revenue annually and could justify a market cap of $20m + and a share price of 10 cents plus.

Would be good to hear from someone who has a solid charting skills