Research report - 25c price target, page-5

Plenty of interest on market at the 13c - 200 day MA level both from buyers and the seller that has been persistent in moving stock at this level for the last couple of weeks.

Nice to see some decent lines of stock crossed off market yesterday and earlier in the week, always a good sign that those looking to exit are being cleaned out.

Once this seller is finally done the share price should start to open up nicely.

In respect to the second tranche of the equity raise being printed, as per the last update from the Company, the new shares won't hit the market until August 20th. One would think that if you picked up stock in the placement and you were looking to reduce your exposure and bank the 50% uplift to date that you would be a seller on market at the moment and more likely to hold on to the second tranche of stock if you are looking for exposure to the company for the pending drill results.