longer term, page-4

reifediver, good point but news could come from a number of areas.
In any case we probably have to wait for this seller to finish who i suspect participated in the placement and is merely taking some stag profits so to speak....you know, offloading 4 to 5 million at 3c profit per share giving $150,000 profit over two trading days....not bad! May have borrowed to participate, short term loan, who knows. I think buyers have sensed that there is a seller there that can be coaxed to part with some of their placement shares at the current level.
I have had a look at MEE which did the same and didn't actually take off until the third trading day. After that excellent placement they actually had a few taking stag profits at 46c. Hard to believe i know but they did! Share price is now in the 80's! So, next week we may start to see some action.
Don't forget the placement at 47c was an indication of the bullishness towards the stock at the moment and was oversubscribed to boot.