There is no doubt that since the shortfall from the recent CR was placed, there has been higher than average volumes traded in NC6.
I don't know why. Perhaps it is because the shortfall purchasers realise how good the company could be and are adding to their position.
Maybe it's just existing holders confident that things are looking up and want to take advantage of what are really low prices (I know at least one holder accumulating 1 million share recently).
Regardless, volume is good for the SP. If we can a have a couple of million shares traded each week like has happened the last few weeks, I can see the SP rising slowly back to the 5c mark. I'm hopeful we can reach 5c before announcements are made about who we will be providing free product to, which I think will lead to a bit of a further bounce.
I'm biased, but I'm optimistic about NC6 over the coming 3 months. I'm still hopeful of big things by the end of the year.
NC6 Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
