Earnings increasing & multiples expanding (Re-rate commencing), page-866

Thanks. Assume Pershing were selling on behalf of Lucerne? Agree there will be quite a bit of overhang to churn through and it could take weeks for the register to tighten again. 160mil extra shares have just been injected into the market and seemingly have been bought by predominantly retail. I imagine the share price will probably bounce around here until those that bought higher get frustrated and sell at a loss to sticky hands - there was big volume at 3c and up though so agree this could take a while. The chart still looks good though - it's tracking the upward trend line nicely.