Absolutely no selling pressure at the moment, Top 20 hold 70% (although that was based on the presentation in December, I think it might be higher now before considering anyone who has been buying in past two weeks is already or is now a Top 20 holder). I think the price currently is just a function of wherever the biggest holders want to take it as referenced by Dalong above.
No one coming out of the woodwork to sell down means it's only going 1 direction for the moment - up, up. Could see this settling at 2c - ~$35M MC. But to be honest there is absolutely no volume up to 2.5c, more traded this morning then all the way up there. There also hasn't actually been that many additional sell orders placed up the queue on this move.
Oppies primed for leverage.
EXT Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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