Good morning CheappriceAs I posted on 21 Dec there have been two...

Good morning Cheapprice

As I posted on 21 Dec there have been two recent occasions when the SP was allowed/encouraged/etc to fall to 60c. Now I reckon the last CR at 60c was to placate those Canadian investors who bought in at the time of the IPO at $2.00. So now their average SP is about $1.30. If the SP immediately post the CR rose back above $1.20 then it would be too obvious as to the strategy used to 'accommodate' the Canadian investors. Given a little more time, I expect to see an increasing and more regular number of company updates that will quickly lift the SP to a $1.20 plus and then move more in line with the increasing revenues.

I have assumed of course that the new management will run a tighter operation over costs and timings.

Using my heuristics rules to calculate a mature SP, I am still calling $3.00 but please DYO research as I have been wrong in the past.

Cheers