RE: share price24 May 2016 20:18
The price has been channelling along a support line from as far back as August 2015. It met that support line today once again, and MM have had the opportunity today to take traders to task. Are they going to hold on and pay up or sell and be done? The latter seems to have happened today, as news is now confirmed.
To answer your question Toshack, the MM are controlling price to lure sellers and to meet buyers demand. If it drops to 1.30p then the trend is over, and my addition today would be wrongly timed. If it moves up even a small fraction from here, that will give confidence that the trend is still moving upwards. Added another 50k today, it would be silly not to have.