peterthephone8 Dec 2011 21:22
Good point about the 10 - 1 buys v sells pete, there is a very nice breakout coming here, and have noticed the JSE market has been strong too this last week. I have been watching level 2 closely this week and noticed how the mm,s have tried to keep volumes down using the spread and also reduced buy size available.....but in reality when using live quotes the real spread has been quite tight....the mm,s are expecting something to happen here IMO.
All this share needs at the moment is increased volumes which will come im sure,untill it does there is a significant discount in the SP for folks coming in now, huge cash pile - clean balance sheet - and some major additional funds coming from the block III farm out ( $54M to come in two tranches ) and possible new aquisition coming. Those brokers and analysts gave those 20p + targets for a reason :-)