Its been a non event this month with most juniors, and we are now heading into the most dreary in the market....August....
We shall await the fresh tradewinds of autumn. Toughing it out at the beach,lakes and summer hideaways are the affluent and the brokers who do the 'work'!!
Volume for the entire month to date is 191000 shares....not even a good days trading historically since the new regime.
The good news is that there is no pressure once again at month end, as the 10 million shares that have traded hands in the past 3 months have found seemingly strong hands and good homes for higher ground. This is what I mean by 'limiting your risk' which i rant about from time to time.Even in tough times and horrible conditions, the value is held, albeit the liquidity factor is also reduced.
The companys major announcement has not been released as of yet...the reasoning????? .....no idea.
Our main PR guy will be back in the saddle and has apparently a new gun in his entourage. It should be real easy to move this market north.. I count 800,000 shares for sale in the open orders in total. Heck thats just a good days volume.
Expect July sales figures to rival the record sales of last month. They will be slightly lower but still significant are the indications.
Hang in there and enjoy the sun
royrogers