RE: Low volume22 Oct 2020 12:04
Hi notaflipper, thanks for your comments, at this stage with low volume you mention it would be typicall of a recovery stock , equally we have a brake on progress as our 'seller' needs to clear to allow a free running sp, not uncommon when mkt cap drops to these levels...the wide spread is narrowing as discussed and is a price we pay for early position, however, providing we are not looking to sell on a 4% gain in sp that is no issue, as trading volume picks up as seen already the spread tightens quickly, so in itself is not an issue witha target price considerably more than current.....volume will be affected by the aforementioned seller as many will try to judge entry before he is finished, a good trick if you can judge it...once the' brake' is off vloume will clearly increase as the potential and awareness grows, the sp clearly can jump very quickly as the small free float that currently works against those invested will become to our advantage ...the undervaued nature of the business has been highlighted by others too and with potential new contracts on the horizon etc imo it is a classic position, patience and let the value come to us situation...I'm not expecting rockets in the next week or so but over the coming next few months a steady up tick before the mkt fully cottons on...I'd prefer a steady and gradual sustainable rise in sp rather than quick spikes..the higher valuation of the business will eventually out imo and it is clear to me that an sp substantially higher is ahead at some point based on those figures :-)