Today 27m have already been traded and the sp pushed to 1.8c. There is only an overhang of 6m shares at 1.8c. Once past this MSC could go for a run. There is not that much resistance till 2.5c. I think there is real buying interest in MSC and maybe as per Monday's announcement, in the next few weeks MSC will have real orders from major end users.
The real test will be if good news in this bear market will do much to the sp. My feeling is that it is the oil price, falling real estate in the UK and USA, and rising inflation worldwide because of the oil price that is driving this bear market. A tip here is that Silex is developing a solar cell that is far superior to anything available now and in fact will make solar power economically competitive. Once the idea that solar power will replace all power sources available now because of price then the oil price will collapse in a heap with Middle East oil trying to give the stuff away. The ensuing deflation worldwide will drive interest rates down and share prices up along with the world economy. This solar cell development is due within weeks or at the most the end of August will tell us where their research is at.
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