brakes off ?...

Not sure what the bigger picture entails here, from a corporate perspective...

But last week showed all the signs of a change in trading patterns...and potentially, the start of a gradual run back to recent highs.

Whilst profit takers were apparent, there was clearly an effort underway to push this back up.

Now...whether this is from the recipients of the recent placement re-starting the engines to help with a higher net exit price...or, a genuine effort to re-dress the current low price which clearly resulted from the various "pressures" surrounding the recent AGM resoultions, one might never know?

Maybe...just maybe...management will salvage something from the recent placement "farce" on the back of a much higher second placement price, as part of an overall deal to let the recent low-priced issue through.

Time will tell.

Regardless of all this however, technically CEL made significant ground last week...and is currently on the cusp of a decent run in my view.

The options premium stands as an obvioud flag to market expectations here.

Good luck all.

Cheers!