From my perspective, it retraced to 59c in a perfect Fibonacci...

From my perspective, it retraced to 59c in a perfect Fibonacci maximum retracement, I couldn’t resist and added even more having just taken profits elsewhere. I’m very satisfied it held that level, and is gradually rebuilding towards 85c. While I remain disconcerted by the willingness of directors to cash in each time, and expect to get more free shares, the reality is they are in an incredible position to capitalise on western need to increase military spending, especially counter drone technologies.

I have an outrageously high exposure for a retiree, but having suffered previously with Alexium which initially promised so much but fizzled and delivered so little, I can’t easily forget the directors’ common lack of shareholding commitment which creates an ongoing doubt in my mind about the long term. For now though, momentum in business prospects is on their side.

i’ll review again once they enter the indices and mkt cap gets towards $600m.