yup a big cross @User 17 - done at at 95 cents. 12.5 mill shares...

yup a big cross @User 17 - done at at 95 cents.

12.5 mill shares have now traded since the lithium deal was announced. thats 19% of the existing float.

i think all the old holders like me who were stuck in from the low 20cent level to 30 cents level the last 2 years and couldn't get out becuase of such low volumes - will have mainly dumped enough (around 20%) to have got their money back and be free rising with 70-80% of our shares still.

So i expect the heavy selling of the last few days should start to lighten up - IMO the sell preassure will fall off and new buyers may have to start paying up.

i also think the market is cautious cos many expect a CR- but once 10 mill oppies convert (which is probably what that cross was about as IMO no one but management have that many?) and then IND has A$3-4 mill cash - that fear will evaporate too.

so we should start creeping a bit higher again ? bring on $1.20-1.50.