I am no chartist either, so it would be good to have someone who is to give a little insight on the chart as it stands. Personally, looking at the longer term view.. This needs to break 24c to come out of the long term down trend, but once again I'm no chartist so maybe someone else with a bit more chart experience can shed some light on it.
In general though, it does look promising that the oppies are trading at 4c and the SP holding above 20c. With some luck, there won't be too much left to the underwriters and they'll need to buy them on market like the rest of us. Surely with 6.5c wriggle room, most would be willing to exercise. Then again this is the stock market, so who really knows until it happens!?
TPT Price at posting:
22.5¢ Sentiment: LT Buy Disclosure: Held
