It was a smart response as they didn’t take the lazy option of no, no and no. They reiterated why there was so much interest and then reconfirmed the timelines for the next price catalyst were on track and close. I wish my companies would take the time to do this. They always seem to just bang out an quick reply (which I get because the asx are fools… but it’s not hard to do what these guys have done). I will watch the buying on Monday with great interest to see if signs of follow through to yesterday’s crazy buying. Could be a good trade if it can get through 2c as that might see it quickly gather momentum toward 3. You would need balls of steel though as the way they dropped it from 1.8-1.3 shows me whomever is buying isn’t afraid to create heavy shake downs.
CAV Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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