XPE Charts, page-6540

For something completely different, there was an article in MF today which was actually informative! It relates to LIC's, but applies equally to any share ..... 'tis relevant to the current situation at XPE.

Why shares fail to perform until options are converted

'Investors want Options to expire before buying the headstock as they are uncertain how much dilution there’ll be when more shares are issued.'

An interesting thing for chartists to try to take into account overtly .... although this is perhaps one of the things that charts reveal that we don't see .... but affect the share price, hence the continuing conversation surrounding a drop into the 6c range before a bounce, and the development of the wedge that we see. And perhaps the finalisation of the options, and our last 3B for a while will give us the turning point.