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clock Created with Sketch. 09/08/17
20:26
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Originally posted by notlistening14
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The share price action is a bit awkward at the moment. Smart money accumulating knowing the FA dictates current SP is far too low whilst traders dumping wanting that gap to close. Bounced off 215 fairly solidly and there appears to be plenty of people happy to buy at these levels - I know I am. I expect it will just churn for a bit now - which is fine - it only provides a stronger base for the next move up. It helps to keep in mind we are now approaching the middle of August. That means, at a minimum, we are going to receive at least one juicy and revealing update within the next 10 weeks (The 31 October 4C). Further, more likely than not we are also going to receive at least another and probably several more distributorship agreements . In my mind the SP will also be well north of 40c come October. So at this stage 10 weeks of patience should equate to approximately an 80% gain+ from these levels. Incomparable to the 2.3% the banks will pay you, for a year of having your money!
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Well said, I'm new to all this so your knowledge and confidence is very helpful and encouraging. Keep up your proactive approach it's very informative!
