We now need the U spot price to move up and we are home.
I will buy more if it falls on Monday as it will be overdue for a re-rating above $2 soon.
Furthermore, I went back and looked at the volume that went through in the 1.20's to 1.40's and it adds up to 14,305,500 all between $1.20 and $1.48.
What does it all mean Harlee?
Well, let Deltra tell you. Lord Elpus stated there were approximately 50 million shares tradeable after the top 20 hold 73% I believe.
Now if you take out another 14.3 million, it only leaves 36 milion now tradeable as the volume turnover I assume is not going back into the market. If they were willing to pay between 1.20 and 1.48, it means the price now is still a bargain.
Plus these investors buying obviously expect a 50% plus return or else they wouldn't bother?
Every day have you noticed only 200K in shares is required for a 16% return. Now what happens when million s go through in one day.
Answer = $2 plus.
Hooray for picking a long term winner.
EXT Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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