Hi Geko,
The main point for me it that this stock has been heavily accumulated. "Investors" however my be keeping their eye on it to hit a roof price before they buy in above market for a medium term. evidence of this is in the volume - plenty of activity just nothing above market as yet. The most positive thing I can see is that funds are being raised as we speak. Obviously when capital raising occurs among decent quality prospects, a new floor price is oftern formed IN THE MEDIUM TERM. I will stress that.
On the flip side we saw in Sept a price of 0.018 off the back of positive ANN's. Therefore we can deduce there are a significant number of buyers watching on the side lines. The activity on this forum proves my point there.
I dont know what is to come in terms of ANN's but regarding what has passed along with the 2 most recent newly identified targets I can only calculate a good investment. IF there is a gradual rise in the SP, that will also mean potentially less future need to raise capital at the lower prices such as the most recent one.
Happy Bidding.
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