It’s clear that the push in SP at the end of last week was due to new investors getting on after Joel’s presentation and the buy depth has built due to that I believe. I see this as a positive as more and more are starting to join the dots on our potential. Todays pull back was almost expected as it needs to consolidate at these levels for a bit before another push. EOFY nearing also may put the brakes on SP appreciation in the short term.
IHL Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held