Just my thoughts on the next few weeks.
Oppies expire next week, there will be a lot of investors looking for money to pay for conversion. There will also be a lot extra shares around and some will wish to cash out some of their holding. This will cause an increase in sellers for the next 2 or 3 weeks.
The company would be mad to release substantial news until these have flushed through the system as any news will be sold into.
With this in mind I think news will not be seen until early August. With the excess of sellers and lack of buyers I fully expect SP to retest it's recent 5.5 low perhaps even go as low as 5c flat.
Just my opinion but I can't see any reason for the slide to stop and plenty for it to continue.
I still believe we will hit 20-25c by Xmas on the great news to come and I also expect after those highs it will retrace to 12-15c.
Just my thoughts on the next few weeks. Oppies expire next week,...
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