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clock Created with Sketch. 16/05/16
20:25
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Originally posted by qqqq
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As SaberX stated most of todays volume went through in the low to mid 5s with not much being traded above 5.9c. At this price we are almost at 150m mcap and would be looking to enter into the ASX300 if the price is kept at these levels or higher, which would be insane for a company that listed onto the ASX only 2 months ago. Comparing it to the BRN run where the price went from 3c - 50c+ is ridiculous as BRN had 10 times less shares on issue than xpe has.
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You've made a pretty common mistake in your commentary though (with respect). This rise IS based on news (or news's). I commented earlier that frequently news with specs tends to be met with selling pressure, for a whole host of reasons. It can take some time to overcome this but it might surprise some that we are only six trading days post the telink ann and two days post the presentation.
