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Re:shareprice, page-323

  1. 792 Posts.
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    It's significant volume with a higher price so we have some very committed buyers who see the capital raise and the implications of high demand as a strong positive for the (imminent future) fundamentals of the company.

    But equally we have lots of shares on the sell side. It's a great wrestle to watch. The 30 month history (as pointed out in the chart above) suggests that the price might retrace again as the capital raisings do set a "sticky" floor to which the SP seems to retrace.

    However on this occasion I think there will be a steady flow of news to support volume of trade. It would take a stinker of a quarterly or some other "bad news" to derail the momentum from here and see the stock retrace to under 9 cents.

    Fairly quickly now the story is being de-risked but we still need a bit of proof in the pudding to justify a market cap of close to $100m.
 
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