On why the SP is heading south?
$0.25 was a good level of support for 6 months or so now it's turned into some pretty formidable resistance.
Volume isn't overly high...update on clinical trials due in 1.5 weeks, decision on whether NZ trial can proceed due on 08.08. I think 2 announcements that will certainly shape the near term future of LCT.
Only thing I can think is that clinical trial results are worse than last time...submissions to the NHC in NZ are still open and close at the end of this week so dont think that's impacting on the SP.
It's all very interesting indeed...
Cheers
SW
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