There has been massive accumulation of ELT between 1.5 and 1.8...

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.