We will always see sellers for whatever their reason. But the 2 mill a day seller appears to have gone which has released the brake and you can feel the relief in the s/p.
But we need good news to get us closer to 20c for starters.
31 March we had $4.8m cash but as Xerof pointed out they are looking for more.
"The company is currently engaged with corporate advisers and is reviewing funding options including the raising of additional capital by way of an issue of equity securities and, on the basis of advice received, believes that it will be successful in securing further funding."
So imo we need a stronger s/p prior to this CR ? or PG will screw us again.
I'm sure Peter Su has his contacts invested here, sum wun was soaking up all those 10c , 11c shares.
Praying for news now...
CAY Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
