About 2.7m in the last hour...not too little, not too much...but juuuuust right!
Could have finished anywhere from 21-22 and it would have made no difference.
Next cycle started about 10 minuted before the close...it should continue tomorrow.
Genuine buying here...no sign (yet) of props or pump-dump behavior...although there were a few attempts from the odd trouble maker to kick something off.
No supporters though, so clearly most of those with punch have higher targets and are not interested in trading it at this point.
The run on the oppies (for me from 1.2c) has been interesting to say the least...with a discount most of the way that has for the most part, created an aire of doubt about the tenacity and dare I say, longevity on the heads. But here we are, the heads continue to rise and the options continue to lag.
My guess...we have institutional and fund interest...who typically will not touvh the options and in fact, may be quite happy to see the doubt that such discounts in the options inflict on the heads.
To date...and I am going back all the way to my first interest when the heads were just 3.6c...we have not seen any sign what so ever of exhausted buyer interest...although we have seen from time to time, quite periods of sideways trading whilt those clearly interested in this sit on their hands to let the temporaries out.
Been a nice run...nit over yet in my view, especially when you see "speculative buy" recommendations when the stock is 16.5c.
The market for this minnow is significant...if they can commercialise, which it appears they will, there is a real potential for a $1+ stock in the making here...perhaps in as little as just 12 months?
The rumours of 50c targets near term do appear to have merit given recent trading activity.
Cheers!
KSX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
