Too early to tell. Theres something brewing here even the trading activity today has been weird. Almost like someone / people know something that us ordinary people don’t.
There has been a lot of action this month but remember the quarterly report is only covering april, may, june. This looked dead and buried a few weeks ago at 2c with no buyers and then they all rolled out of the woodwork to take it back up to 3.1c
And there is something happening today as well. I am still a tad confused how they can say the revenue went up by 16% v prev qtr but the cash reciepts as down 40%. Maybe they are saying that there has been a lot of money come in this month (like an extra 100k) that would not be in the quarterly as part of the june quarter. Maybe more smidge money to be recieved this month.
Needs another quarter or two I think to work out uptake and trajectory.
This quarter has almost been the “reset” button and i think the 4C has spooked a lot of people hence the sell off. Will see how it pans out.
PIL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
(20min delay)