I reckon with 200 Million shares traded over the last week that someone is accumulating a faiirly substantial position (am I stating the obvious?). Even allowing for 80% of churn and burn this would leave 40 Million shares unaccounted for. I know these are pretty rubbery figures but still. Perhaps the drop in volume yesterday had a bit to do with US and UK holiday yesterday and the accumulator taking a bit of a break? Who knows.
I have to say that I am quite surprised that such strong volumes and price movements over the last week have occured after an announcement that (whilst good) was hardly earth shattering or a company maker.
Suspect a quiet day today on the back of US and UK holidays ... hopefully the price will hold and then launch it's attack on 38c tomorrow. Having said that anything could happen with this stock now.
Good luck all.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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