best and worst scenarios, page-5

Most of today's volume is decent size was above 10c today.

I show below the trade analysis for 10c and above for those of you who do not have access to IRESS.

Even though we closed at 12c you will notice that, out of today's volume of 27.5mn about half was trded above the closing price in the range 12.5c - 14c.

This would indicate to me that there was some serious position building going on and I would not be suprised to see a substantial shareholder notice in the near future.

Some of today's action will have been churn, I know, but one must also consider that approx. 33% of the register changed hands today.


10c 1 455 121
10.5 1 573 270
11 756 815
11.5 719 403
12 4 649 976
12.5 4 025 719
13 4 009 499
13.5 4 181 070
14 1 086 743

I see the volume in the 12c - 14 range (just shy of 18mn shares, this time including 12c) as a key indicator that we will be much higher tomorrow if no ANN is forthcoming.

EB