Purely my opinion and cannot prove my assumptions, but from my observations and past experiences I would guess the flood of retail volume and daily traded volume in general which has entered MTM as of late has deteriorated the tight order book we once had. With the wild swings it has recently taken, holders who have not completed sufficient DD may be feeling hesitant and looking to get out while they can. I would say there is quite a large demand for shares with circa 5.7mil worth of offers amongst the 10-11c lines.
Nevertheless, we will wait to see future announcement and should they be good - things will definitely change (IMO)
MTM Price at posting:
11.5¢ Sentiment: None Disclosure: Held
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