Dear All,The price is down 1c at the moment to 30.5c on volume...

Dear All,

The price is down 1c at the moment to 30.5c on volume of 804,713 shares. The current intra-day low is 30c.

A few purchasers at 30c have moved in. It is interesting to watch people sell at this time, and to my mind it is difficult to understand. Clearly, the current sellers could have sold a week ago at around 33-33.5c if they were then holders. If they are newer holders in general they would be selling at a loss.

What is difficult to comprehend is selling at this point of the company's life. Perhaps the sellers were hoping for a higher price movement which to date hasn't really eventuated, or perhaps they are in the money and want to take profits off the table...who knows?

I think the price is a tad oversold in light of the chart technicals but in reality the market is waiting for an announcement as to resource or otherwise.

I would be interested to read any views or insights into the current trading activity given the immediate news horizon that is nearing.

GLTA