Opening price tomorrow, page-10

I said this in another thread last night so won't repeat.  With around 1.8 billion heads on issue (and then noting all the 21 July oppies will be converted so share base of some 2.2 billion shares on conversion of those oppies) need a good announcement to get us out of the pips.  My expectation is we'll trade around 10c until that time.  Reason:  Need volume (and good volume to) to get us out of the high 9s.  Not much volume has changed hands at SP of 10.5 - 11 c.  If I am wrong well will be very happy since I bought my shares last year.  To the newbies:  Don't expect to get rich quick - many of us invested since last year have only reaped the benefits in the last month or so.  I think rerate is what is happening here - has it run out of steam, don't know - but then the chippie announcement is the next bug thing to send the SP upwards and beyond.  Prediction:  unchanged at 9.8c.

"I expect share price growth into the mid tens within the next few weeks as well but it will need to be fed by actual revenue numbers and a chippie (and preferably forecast profit numbers to be sustained there so 6 months to 1 year down the track we don't get hit with a CR).   Reading some posts here over the last week or so I find comparisons to BRN completely unhelpful in that regard - the only link is expect price to rise initially and we have done that from 3c since relisting - there is more scope IMO to probably mid 10s, but 40c requires some solid announcements with revenue and profit number IMO. It is MC that is a driver of value. When BRN hit 40c (now 18c) its market cap was around $280 million. When IOT hit 18c (now trading at 10c) its market cap was $100 million.

Our market cap is roughly $210 million fully diluted now (as expect all the July 2016 options to be converted). So I agree that XPE is better than IOT and BRN but 40c puts a MC of around $850 million. It is revenue and the chippies which will drive SP growth beyond 20c IMO - it might go past that initially but expect a trace as has occurred with BRN and IOT if it is not underpinned by profit outcomes that hold such a MC as well when the heat is taken out of the buying frenzy

I still think we need a serious announcement to get us out of these pips permanently because the walls at 10.5 - 11c requires good volume (and we haven't had it in more than two days trading at those levels). I am expecting a good announcement soon - hopefully early next week."