Interesting day today. Very clear upwards momentum at the start, filled with minuscule buy/sells to hold the price at $0.0055 - then a close of $0.0050.
I suspect the price is being held down for accumulation, of which I'm happy to partake in
Wont be able to be held down for long though. 2015 saw the general public + institutional investors chase ever reducing returns for higher risks as the bond and cash rates reduced - along with a reducing equities market. I suspect that in 2016 we will see investors pile into high cash positions + take some high risk for high reward in the spec markets - there wont be many other opportunities to make money in the blue chip or even mid-cap stocks.
If LWP can get the ball rolling from a revenue perspective (seemingly at hand) then we could be sitting on one of the best performing equities for 2016.
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Perth Roadshow - Quotes of Interest, page-59
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