The lows not long back were around 16c...now sitting at 18.5c. Hard to say market has factored in the bad qtr coming. If had surely be testing those lows. If this goes up when this quarter announcement comes out it will be a freak of nature or pure luck.
Paying the royalties and bad quarter the bank balance will not be looking great at all...market will see this. Be very unlikely SP goes up.
Just common sense tells you the market wants to see results here in and the bank balance rising....this is going to need a couple of good qtrs after this one and then momentum should change in an upward trend. Get qtr out way, royalties paid and then Mel and crew need to start getting results with no HICCUPS. If this can happen should see big turn around.
DYOR
The lows not long back were around 16c...now sitting at 18.5c....
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