It was a very good announcement but as a number of people have alluded to nothing to really move the SP.A spike open then a sell down to fill the gap at 55c was always on the cards.Well at least its a step in the right direction and with more results to come soon and CC to present tomorrow in Sydney we should get better idea of where this will lead us.
Not overly strong volume so unless something unusual happens I don't think it will close higher than where it is right now at 56c.But that doesn't matter as I'm not a day trader and hold for better things to come.
Tigerpen8
market reaction
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