dioro jv partner climbs 11.63pc on latest news, page-8

I thought it might have been day traders who were buying and then capping the selling whilst scoring a few percentage points.

However, the concereted selling from mid-1.30s to 1.00 is puzzling especially given the excellent announcements of the past few days.

There are only 3 substantial shareholders who could be responsible for sustained selling of the volumns that we have seen since late March. They are...

ANZ 3.67m shares
RBC 3.38m shares (is this LINQ - DIO Director?)
LMR 2.57m shares La Mancha JV Partner

I bought 8000 yesterday at 1.06 and another 5000 today at 1.01 inaddition to my previous holdings.

I did not see Dio reported on the ANZ Opes list so it is beyond me to grasp what is going on here.

Nevertheless, I am of the belief that this company is outstanding value (see previous posts) and I will hold in the hope that we will see a solid rebound once the seller is exhausted. And, in the meantime, I have some very inexpensive shares ! (I think).