RE: What does a price monitoring extension tell us ?22 Jun 2020 15:41
Not sure either, but usually occurs when there is heavy trading. A bit surprised by the muted share price response today. I can only guess that there must be a lot of traders / punters expecting a retrace in the usual fashion. I am not so sure that will happen myself given the forward looking statement to come in a few days, and the prospect of new deals being announced on one of many fronts. I would be doubtful that today's news represents any more than just a start, but I admit it has come more quickly than even I expected, which is very encouraging. If one trial 'proves' the technology works then there really is no reason why we can't convert all of the many opportunities on offer. It is essentially a cost-saving platform technology.