Nova Eye Medical (EYE) Chart Thread, page-181

Shouldn't have to wait long for that hopefully. Full year results are quite close now, and I suspect these figures will really be key to rerating the price. They should be sufficient confirmation of sustained growth, and will hopefully hint towards even more growth to come when we see the full effect of the expanded marketing effort in FY25. What the share price really needs at the moment is more volume, at the moment liquidity is so thin that any punter can move the price quite a bit. If the results released are indeed what we have all been expecting, that should result in a wave of buying volume that would be sufficient to move the price significantly higher. Can't see much sell volume arriving until around 50c, so that would be a good short term target imo. A bit of consolidation there perhaps before the next leg up. The rerate at the start of this year proved how quick the price can move when the buyers arrive though. It's very tightly held, there's nothing really to hold it back when it is ready to shoot upwards. It's just a matter of waiting for that to happen...

We have a bit of a chicken or the egg problem here though. We need higher prices to create enough volume for larger institutional buyers to purchase shares on market, but we need a reasonably large buyer to get the price up there in the first place! We either need some fresh news, or a decently large buyer to decide this is far too cheap and load up out of the blue without caring about the market impact cost. Both should do the trick here.