Waiting for the day we hear directly from the main man, Simon Keast.
Another day where the SP struggled to fall below 1c, but couldn’t break through 1.3c.
1 possible scenario. Those who wanted to sell have sold off, and we have now hit a wall of sellers that refuse to part with their shares sub 1c.
It’s had 2 days to fall below 1c, yet hasn’t. Still too early to call a bottom, but if it continues like this for the next week, then we can say a bottom has been temporarily formed.
The only way I see this getting back to 2c+ is by either:
-A director buying on market (this will kick off a buying spree)
-Surprise accumulation (we’ve seen it before)
-IDSB sale (this is the main catalyst)
The Simon Keast hype is over for now. We need results, which is what will kick the momentum back in.
Get the IDSB sale done lads
(20min delay)