You may be right Jake0002, but the problem with your theory lies in this incorrect assumption:
"I am certain that most of those shares traded at 20c went to hedge type funds."
Those who have read my posts over the past 2 years know I follow the Top 20 very closely, and I keep a record every time the company posts an update (usually each month).
The Top 20 has increased by approx. 33m shares since early March. The majority went to these new entrants;
TELUNAPA PTY LTD
MR CHRISTOPHER IAN WALLIN
CROFTON PARK DEVELOPMENT PTY LTD
NORFOLK ENCHANTS PTY LTD
KENSINGTON CAPITAL PARTNERS PTY LTD
RUDIE PTY LTD
These don't look like Hedge Funds to me.
CTP Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
