Where to now ALG ?

ALG management strangely silent all month through this frenetic market action. The stock was up 70% in March alone before giving a bit back these past couple of days - still up well over 50% however. The selling in the past two days coincides with the one year anniversary of the stocks horrendous lows below 15c - could be some investors taking profits now that the 50% CGT discount kicks in.

Takeover speculation hasn’t amounted to anything - yet.

I’m thinking there will be a little consolidation now around 90c and then a bid well above $1 may emerge.....or failing
that a steady advance through the rest of the year as the company’s prospects both here and in the US look brighter and brighter.