Another great volume day today and an even better close price. The consistency over the past few weeks suggests to me that the broker from the last CR has flicked all their stock they received from the underwrite and now genuine buyer/s are happy to accumulate. This has provided a great base for a re-rate should a significantly positive announcement emerge. Assuming they’ll want something to talk to at their AGM in 2 weeks, it makes for an exciting wait for the next announcement.
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Re-rate Potential, page-136
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