Media, page-50

Hardly surprising there’s a short term barrier at around 4.9C, given the scale of the rise and the previous depths of the fall below 5c. Some serious two-way turnover this week. Hard to imagine this can be happening without at least a couple of large holders selling a few, and at least one new big holder coming in. I’ve basically finished my buying at 2.6c although I couldn’t help myself but bought another line at 4.1c this week.

No substantial shareholder notices or speed ticket from ASX yet. It must be tempting for some who bought at 2C and got options too to lighten slightly, which collectively would account for enough selling.

IMO we’ll probably climb the wall of worry until we hit about 5.5c, by which time we ought to be due to a game changing announcement unless we have been led down a garden path.