The available stock is becoming quite scarce.
You have 200,000 currently selling at 95c and a 100,000 selling at 1.25
If those two alone took their sell orders off there is only 400,000 selling on the screen.
And I would think that this buying is mainly coming from overseas, and once they have acquired it they are not letting it out anytime soon.
I mentioned last week that I was looking forward to seeing rises of 10c per day.
I think this will become more frequent as we approach mid year.
The valuation of what this project can deliver is just too compelling for institutions to ignore.
Throw in the fact that we will then see Aussie Institutions buying once we enter the top 300 and then top 200 companies on the ASX.
It makes for exciting times.
If they do get a speeding ticket and I believe they will, the company has a ready made answer with all the announcements that have been made in recent times to justify a rise like we are currently witnessing.
The ASX don't possess the wisdom or expertise to read the previous announcements and work it out for themselves..
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more weakness on the sell, page-8
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