When waiting on news the SP stays fairly stagnant, just the odd low volume trade... Then large sell orders are placed around 12/12.5 cents. This initiates a slight sell off, again of low volume as investors become concerned about the size of the orders... Buy side just about dries up before the buyers return, large orders are pulled, and a run north begins.
Usually an announcement follows and nothing happens to the SP but a slow steady decline back to 9/10 cents (as the news isn't what we expected), and we wait for the next lot of news to be announced.... repeat cycle.
Super frustrating however IMO, SOONER rather than later we will get the news we are looking for, and the timing will be just right for this thing to run, and to a share price which more accurately reflects the value of the company. Long term holders have been patient for a very long time now... A little more patience cant really hurt.
BMB Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
