Well that totally explains the price action. The last week especially it looked like whenever the s/p was starting to look strong, it got smacked in good volume. It reeked of somebody trying to hold the price down, rather than actually sell, because it would have been just as easy to get paid on their side of the spread.Bids starting to creep in, volume starting to grow, bang, sorry not today.
Looks like the facility was up to $20m so am guessing we have taken what we need and thats the end. Happy to have the money in the bank. Happy hopefully we can move forward now. Going to be very interesting to see how thin the offer is because with this out of the picture my thinking is back towards $2.50 while we wait for first shipment.
E25 Price at posting:
$2.02 Sentiment: Buy Disclosure: Held
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