As far as I can tell, north of 0.045c which it bounced off today, there is no technical resistance till 0.9c and then 0.12c - which have also got nice fibonacci rings about them - someone has certainly started buying, volumes for the last two days were good which is what you would expect when a company effectively signals they are the potentail subject of a takeover, i like the look of the recent turn around in this company profitability and the whole thing is only valued at 10mil at the moment - so the stars seem to be aligning for this little stock, good sector irrespective of the direction of the economy, nice assets, making money - and now a suitor making inviting noises. The thing that caught my eye was the company's decision on the very next day to publish a list of the top 40 shareholders - i suspect the clues to the corprate activity are in that list somewhere... very exciting. is that macquarie bank listed on the register?
PHG Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
