ASX Today, page-5856

My opinions won't be very popular here but I want to provide an alternative view to this share.

Half a billion shares raised recently through the so called sophisticated investors can net you a quick decent profit. Take for instance yesterday morning 3M unloaded at 4.1c.

They bought during CR 3M @ 3.7c = $111K
They sold @ 4.1c = $123K
So $12K profits easily.

There are also the LTH selling too. Most of the LTH probably holding a lot lower. I would say in the low 2c average. These guys are probably like me not in a hurry to sell but will sell when opportunities arise.

IMO the opportunities for SP to ride before spudding were shot down by the recent CR. There are just too many shares floating around lower than 4c. SP won't be going much higher till closer to June when results are out and subject to excellent flow rate.