So far a total of aprox. 660 mil shares have been traded above 1c. The placement was 715 mil @1c, so profit taking was expected. We have another 55 mil shares + DT's to go through. After that I think the share price will stabilize and start moving up........ Should the price hold above 1c, then this should be over within a week.
Hmmm MBG ... I still hold ... and will expect to add shortly as things should start to turn up here. The AUD has been an influenece and I expected the upward break from their triangle not the sudden fall with AUD appreciation. I anticipate a return towards if not to 5c as a normal cycle then pull back, reversal probable breakout if their reports prove to be positive. IMO waaaay oversold. Kind regards.
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