Depth profile, page-5

Hey all,

Not posting much atm as not too well. Off work and getting some tests done.

Anyway, just catching up and yep we can see some push down. I posted this on the 16th June http://hotcopper.com.au/posts/15477349/single

Now, may be a bit of chart talking in the retrace and / or combined with the upcoming CR. Sellers creating a bit of a self fulfilling prophecy if u will. Geez, the 52 week high was wot...0.16? Against relist price of 0.20....seems some nice profit there...that's even barring a potential run in July if updates re the testing come out good...the relist price just appears to have to b a "minimum" 0.20....doesn't mean can't b higher?

B interesting to c how the mkt views the current prices....pretty good value IMO but that's just MO I guess.

Also have end fin year coming into play for some no doubt as well.

We know the last Ann spoke of "example" 0.10 vwap (currently now 0.1284) on 50m shares for $5m and the relist price wood appear to have to b min 0.20 as per ASX rules. For me the 0.10 appears a little too discounted IMO against relist SP but hey who knows till prospectus out.

Obviously the higher the vwap the less share issue reqd but the less incentive against the relist price. Fine line to balance.

Gltah woteva ur strategy is....