Again, the big blocking order at 23c is now gone and looks to be replaced with a series of smaller orders which have pushed the price down on very small volume:
"Sellers
Price Quantity Number
0.195 15000 1
0.200 10000 1
0.210 25000 1
0.215 23000 1
0.220 175000 2
0.225 100000 1
0.230 141250 3
0.245 240000 2
0.250 240000 1
0.255 77909 1"
I see these kinds of patterns all the time on other stocks while I could still be mistaken, it screams of accumulation.
Given we still have 3 trading weeks left until the AGM, I suspect that the price will move upwards in the lead up (as time runs out).
Very interesting to watch the market spread from the sidelines - the key to this is that today's trades are still relatively small volume and if the accumulation is real, the accumulators are going to have to push the share price up towards (or even over) the 30c mark before they will get any serious volume offered for sale.
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- nice to see some volume today
nice to see some volume today, page-22
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