Sponge, absorb and accumulate pattern, page-117

The interest in buying the stock has deteriorated even further.

Less than 500,000 shares in the buy pipe as l write and nine times that in the sell pipe.

Does anyone know why the directors are not buying shares and not providing an update? I cannot believe the level of inaction or the silence.

We now have an investor using a textbook Capping and Extract strategy. By my recognition, and l follow this closely, they have circa 2.5 million shares in the sell pipe including the million odd at 4.5 cents. Unsurprisingly, this accumulation strategy usually means that the long term future is going to be bright. Those investors who need to sell - or do not have a long term perspective - are going to transfer their shares to the long and strong brigade.

By the way, l am still buying and adding to my inter-generational wealth fund.