The latest price strength (be it small) is probably due to three things,
1. End of 2018 financial year
2. GG saying that a CR is not being considered
3. Expectation that there will be an increase in revenue for the last quarter
An analogy of our current situation could be described as,
Contracts are the timber.
Revenue is the petrol.
Price is the fire.
No amount of timber can get this fire going until we throw some petrol on. Then more timber will help the fire grow higher.
State One predicted that our revenue for the last quarter could be $630,000. I'm hoping for a bit more.
SYT Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
