I've been watching the live market depth for the last couple of...

I've been watching the live market depth for the last couple of weeks, it really appears that someone is beating down the SP to accumulate. There are always tiny orders (tiny as in institutional orders which don't attract typical brokerage rates) to gradually beat the SP down, which draws in sellers with their 2000 or 5000 share parcels and they sell at the reduced SP. They get snapped up pretty quickly though and good resistance at around the $1 mark.

It just seems like someone is accumulating trying to beat the upcoming distribution announcement, which I guess is to be expected. The Feburary forecast had the final distribution at 7c, and from memory that already takes into account no output from Loy Yang power station. And since then, several contracts have been renegotiated for higher revenue/profit. So it all looks positive, should explode pretty soon. I've already bought my share, I'm looking forward to this thing breaking out of this $1.00 to $1.15 trading range.