The 7.6 million shares relates closely to the last 7.5 million that we know are still to be issued.
So are they selling at these prices and hoping to get their final placement at 10c by pushing the stock down to these levels?
Unfortunately, with players of that size, we as junior retail are too small to fight them unless we stand united and refuse to sell - but no-one is that strong.
For the record, I have't been selling - I'm waiting for hte game playing to finish - get the lsat placement out of hte way and then see where we go -
I believe a signed off shore lease at hte end of the month is what the market wants, once this damned final placement that Smyth has already flagged is out of the way.
I also think that the market shorting as outlined in the first post is crippling our economy - or our market.
Just turned us into more of a casino - and just for extra brokerage fees, CFD's have been the demise of our strong market....and I really hate it.
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