What price could be the bottom?Our 12 month low was 5.0c.Mid...

What price could be the bottom?

Our 12 month low was 5.0c.
Mid July 2012 our price hit a low of 4.8c.
Our all time low was 0.6c in April 2009.

The low in 2009 followed the GRC so unless we get another GFC, a low of .6c is unlikely even with the more shares on offer.

July 2012 is not that far back but even without approved finance, our JORC has increased since then.

Our 12 month low of 5c was in June this year. While we did hit 5c our closing price during this period was 5.4c or higher.

We are now closer to finance then we were back in June but as time goes on, it is time itself that is the biggest weight pushing down on our price. Also our number of shares has increased by 20% since the CR.

If we assume that being closer to finance is being counteracted by the time to get there, then our low price in June could be a possibility again.

Our price could turn up any day but a close of 5c to 5.4c is a possibility especially if we factor in the 20% dilution since June.

This is not sound financial advice as I was the one who said that we wouldn't go below 6.0c again.