SP consolidation is adding fuel to the "fire". The first flash to enter my mind as I read it was Cap raising is coming whether it is fact or fiction. Unfortunately it is the number of shares on issue is the problem so the SP cannot expand a great deal without causing the market cap to bloat. This could be the reason for the consolidation but I prefer to see what the market thinks and it doesn't like it. I missed the previous swing as I was late in looking a piece of chart technical reason so I wanted to get in on the pullback but doing some wait and see dilligence instead.
GXY Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held