142million on issue.- Roughly 60m held by top 20 Shareholders.
'Remnant' Shares on Issue. = +/- 80m
During the last leg up in Oct 2010, the largest daily Vol was 43m, it surged from 22c(22Sep) to 69c (11 Oct) in just over two weeks, the final portion of the rise was on smallish volume of 7-14M. There was a further day when 33m were traded.
With this stock being light on SOI. This 'factor' is one of the key things at the forefront of my reckoning. Whereas bigbrother has >10 X the shares on issue of PEK
The recent rise commenced 3 days ago on Vol of 26m and Monday 6m. Based on the latest news, I feel these sort of current volumes are well below the demonstrated Co potential from Ann's & for this new leg-up.
A catch up IMO is imminent,I would not be surprised to see Inc Vol to a bunch of days in the 15-25m range in next 2/52.
As the SP rises over time however, it is noted volumes may be smaller.
142million on issue.- Roughly 60m held by top 20...
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