Very interesting fundamental developments, and at the same time...

Very interesting fundamental developments, and at the same time the trading this week is really odd. Not the pull back/drift lower, but the low volumes. It's almost like the market holding its breath for something. Rather than watching paint dry like this, I'd prefer to see 10.5 line wiped to tag the weekly e21 in the centre-point at 10.25 and use it to spring an attack on 15. If any sort of news drops though, we will have to re-asses the situation. Obviously a big end game re-rating announcement will do just that - converge our price:value gap. A lesser positive announcement (perhaps more box ticking or some new data) should be the trigger to begin the bull run that has been building. Without news, the process will be slower, and I don't necessarily see us getting much higher than 22c in its absence.

The e100 and e200 on the daily chart are only 0.2c apart now, but man they are taking their time. Could be another week or two before they cross without a bit of a higher push. Once they cross, it will get much more interesting.