opening price, page-11

The following is a modified extract of my post https://hotcopper.com.au/posts/24442860/single

"In re of what might happen to the SP once the Suspension is lifted some recent posters have expressed the view that a 1^st and/or 2^nd day spike downward should not happen.
I often consider the “theory of contrary opinion” as a contribution to forums such as HC and of course respect the rights of others to disagree with my PoV.
For this reason
- in the absence of any news that the market won't re-rate the SP upwards until the "corporate affairs" are sorted out first
- I do expect a number of present holders could be feeling scared s*itless and thus might well pull the pin on the 1^st or 2^nd day post-Suspension, selling out for what they can get regardless of the outcome for them.

IMO my chart tells me that if such a scenario eventuates the SP could well fall to between 10 & 13.5c – the range the stock traded in during the period 08 Mar 2016 (the date the Co. announced its lithium deposit) and 04 Apr 16 - and then rebound strongly upward back to current levels on the 3^rd or 4^th Day.

Given that on the last day the stock traded there were buyers of far less shares than sellers were offering ,
if I had funds available I’d be jumping in with a bid at price levels close to the lower end of this range. GT.