This is good news on so many levels! Confirmation things are on...

This is good news on so many levels!


Confirmation things are on track. Tracking ahead in fact. Confirmation that things aren't terribly bad and people with inside info were selling out (might appease some nervous nellies anyhow).

Pushes the price back up to its long time support line after being dragged down by retailers and lack of news.

Perhaps most importantly at all though, its a liquidity opportunity for the big guys who want out... So far today, most of the trading is at 11c-12c and the volume of Chi-X and cross trades looks very much like some big holders moving parcels.

Nermone were offloading for some time, but stopped once the price dropped below 10c. It would not surprise me if we check broker data next week to see them having offloaded more in this spike . 20m volume today - so far - which is great. They only hold 51 million shares now, so hopefully have or will be completing their sell down.

If their offloading coincides with a few more positive company announcements.. the sky isn't the limit, but the old SP with a 2 in front of it certainly is a possibility imo.