The previous thread was popular however that date is past us now, the correct answer was 3.4c with huge volume in 4.2-4.4c range and a high of 4.6c.
It was a disappoint it didn't settle above 4.0c price, however many forces at play to pull the SP back.
Going forward though and with Tax loss selling past us I thought it was a great idea to create a new discussion thread for all the upcoming events in this time period:-
*Tax loss sellers buying back in
*Record Qtrly
*105 New XV added to fleet and booked out
*Mobilise Launch
*RACV campaign
*Green Square Facility
*Potential other Fleet expansions
Have I missed anything?
After last months heavy consolidation with tax loss selling and all of the above listed events occurring in this time period to Sep30th, I'm predicting positive things for the SP.
IMO, this should rise quickly up to 4.2c/4.4c (no sellers now), then the above chain of events kicking in will bring in new investors via publicity/announcements.
So my call is a range of 6.0-8.0c.
CL8 Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
