Lid coming off perhaps

Yesterday was the first day in a long time without persistent selling into the 0.5c bids. Given that 290 million shares have been sold since the beginning of May at an average of roughly 0.5c, it seems reasonable to expect that the overhang of shares bought at 0.2c is largely gone. Today should be an indication. We still haven't seen a change of substantial shareholding yet. Surely one has to be due!

Those who bought in this period will want to sit and wait for the next announcement, or (if they're keen) will have to start accumulating at 0.6c. That little parcel of shares sitting at 0.6c is only worth $300,000 and will evaporate very quickly if buyers show any determination.

I suspect that from here (if I'm right about the overhang being gone) the share price will be basically stable on low volume until the next significant announcement.