Share Price, page-3

JH888,

Pre Winx 1.5c was our support level, post Winx 1.5c became our resistance.

Which might seems strange as you'd think, Winx aside, nothing has changed. Okay, Winx was a low cost gamble that failed but fundamentally everything is the same, so why haven't we returned to the 1.5c support?

Confidence and perception of the fundamentals

The spec end of the market likes confidence and it likes positive news. When confidence is eroded and news dries up, investors develop a negative perception of the fundamentals.

This causes money to be moved to other stocks where confidence/perception is higher.

My thinking is that a Farm-out, should it be delivered in the weeks not months timeframe, should restore a level of confidence and the perception of the fundamentals will be backed by a Farminee.

I should add, that the longer any Farm-out negotiations go on the lower the base we need to climb from. Not ideal.

Just my thoughts.

Cheers happy Thursday all.