Currently 1 AUD = 0.6245 GBP
1/0.6245 = 1.6013
If LSE = 28.00 pence
28p * 1.6013 = 44.84 cents (AUD)
So they are currently trading at 44.84 cents (roughly).
Our last spike was more conservative than theirs (UK). I'd hazzard a guess our Boiler Room Broker and friends ramped the stock enough over there to over shoot the mark by quite a bit.
Probably made a killing on it.
The current price is still well above trend (very healthy) and we still have some time till the spud (based on what you guys have mentioned previously).
If there is a sharp drop through 40 cents on Monday then we start sweating a little.
It'll be nice for the stock to level at these current prices.
You may disagree and I respect that.
In my opinion this run is still alive and well.
(I may be wrong... DYOR)
oex, page-16
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