Actually I would say there are buyers soaking up everything on offer between 14-14.5 cps and keen not to push the price up. There are currently 3.9 million onscreen to buy at 13.5-14 cps and only 1.5 million to sell at 14.5-15, with healthy trading volumes.They should get plenty to buy before 30 June because of tax loss selling. The key for the share price will then be whether the company can smoothly triple output as planned in the second half of the year and double it again next year. I note both Patersons and Canaccord have reiterated buy recommendations of 40-41 cps after the placement.
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