Ann: Placement Completion Announcement , page-45

Unless we gets some results from Beach, I would suspect we will need to wait until after the December 10th for price to recover based on fundamentals. Some sophisticates may choose to sell at 22.5-23 cents for a small percentage profit (but reasonable return annualised) before the serfs get their shares (some of whom may also offload straightaway...but I doubt it given the close correspondence with market price).



Doubt it will get beyond 23.5 cents until the CR works it way through the system, say mid-Dec (i.e. without fraccing results from Beach).

Having said all that, there is some solid support entering at 22.5 cents. Some people may seek to accumulate while others are trying to get some small arbitrage profits.