Im Impressed. We are getting close to an announcement from all unofficial yet well connected reports and apparently this will take a couple of weeks to happen. Its still a relative certainty that we will see an increase in Reserves and everyone seems to be holding onto that probability if the lack of selling is any indication.
We had buyers falling over themselves earlier this week and now we have noone selling to them at too low a price and so the volumes have decreased.
Low volume is exceptionally good when it is teamed up with Positivie Volume Accumulation from buyers. Its another way to put it is that its a charting indicator which tells you the sick money VS the healthy money, or money that supports a rally VS money that supports a fall.
Low Volume is only ever bad if sellers are stepping down with some desperation to a criminally low buyer bid. That is a long way from happening under the current "pregnant with shareprice defining news". This news has been in waiting for over 3 yrs - which is expected to report a "multiple" increase in our current reserve value. It may even make us an officially figures backed Billion Dollar company. That would equate to a $3 share in a biooming market. This market, maybe $2-20 max IMO. Thats a 4 fold on our current price, or 300% gain from todays shareprice.
So it is reassuring and with pride that i watch shareholder solidarity in the form of patiently sitting it out and not offloading shares.
After all...this exciting announcement is only supposed to take another 2 weeks we have heard unofficially.
Good work Shareholders,
Cheers
L
MAE Price at posting:
45.0¢ Sentiment: ST Buy Disclosure: Held
