You are albsolutely right. i have been surprised by the volume lately, but not the price range.
given 120m shares were issued to the 'spohisticated' there are a number, could be a million or could be 20m or more that were purchased with a view to make a quick buck. And funds management companies do the same. Buy twice as much as they want only to sell half on listing to make a quick return and balance their weightings.
getting past 35c is going to take time whether that is a week or a month, my bet is the month. but after that it will on the rise, and a bumpy rise as new players get in the 'sophisticated' get out, sell down but not .
Has to be point where the buyers stop or alternative the sellers stop.
good for buyers and bad for desperate sellers.
Im holding, may top up on the dips.
AAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
