Well the SPI up 55 overnight will at least provide a positive backdrop to the new week so if a buyer emerges to take out the chunky order @ 4.8c then maybe we can get a move on. I think the sell order is legit as it came down from 5.1c a week ago so hoping it gets cancelled is probably futile.
While there are now some very informative analyst & broker reports out there the distribution of these has been pretty limited to email lists and a single brokers client group - if this widens over the next few weeks then moving to the 5-10c area should not be difficult. There are definitely buy orders in the 4-4.5c area but a convincing move and new range about 4.5c is yet to be proven.
I'll move to a hold sentiment if we consolide in the 5-10c area and await news. From what I understand in the SR piece there are a few things that could happen over the course of this year that could take the valuation to the 10-20c area comfortably but these need to be proven.
PYC Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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