Interesting observation GJ ,the same seller's been at it with 50k parcels for a while which means that it's not anyone with real size ,what's the point of copping 4 or 5 k every so often if you've got a few mill to offload.
The rationale for this to me is that Maloney ,Anderson and buddies could have this at 25c tomorrow if they wanted to but what good is that to them owning half the company if there's no one to offload it to ,so their only way of building wealth is to build a good solid company with steady businesses that people want to own. They have form.
That's what's been occurring for a while now and today's announcement to me is a massive tick that it's on . Once the structure they want is in and the cash is rolling in a 4C will turn up one day and the industrial instos will be all over it . In the meantime what do they care what the SP is , they know more than half is locked up and it can go wherever people want to take it when the time's right.
I know it's hard for shareholders to understand when there appears to be no interest but I can only work off what the company is doing , who is involved and how they manage their capital and on that basis I love it.
All imoo , DYOR
HRL Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
