Ann: Oropesa DFS Commencement, page-70

There has been massive accumulation of ELT between 1.5 and 1.8 cents which is extremely good given that there was an issue of around 750 million shares at 1 cent.BW Equities have been doing most of the buying and have put out a very conservative research report with a price target of 3 cents.I would expect the next level of consolidation to be around 2.5 cents and the breakout signal will be turnover of between 50 and 100 million shares in a day.ELT have given the same presentation at a few conferences but has not done a roadshow to institutions.The lockdowns would not have helped but I would expect interest will pick up towards the end of August.