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Agreed the news flow will no doubt influence price, however in the absence of that right now it will be technical trading points. I’d be guessing British Bulls will be advising of a trend change due to the price structure, it’s moving higher and has been since Tuesday. We should by all accounts breach 30p and once we do that we should be testing 32/33p. We are knocking off the moving averages and climbing.
You are a funny one…..your post from the 9th April said the PFC algo creates a drop when I post, yet I have been saying for a while this will climb and to accumulate. Well the SP has gapped higher today, from a technical perspective this wants to climb
Well a potential outcome is forward payment for one of the recent contracts that have been won - that would create a bounce, Apollo coming in and submitting an offer. Based on the WG offer this has to be a more compelling investment case.
Not sure if this news flew under the radar, but non exec chairman René Médori purchased 75,820 ordinary shares last Friday. Yesterday we got really close to breaching 30p, which in my view should then see a move up to 32/33p. Break through this and you are looking at a move to around 42p.