Originally posted by fwp
Just put my conspiracy hat on for a while and am wondering whether there is orchestrated sp manipulation ( churning ) occurring to keep the sp @ its current levels by someone in the know ( knowing they are the front runner for a share placement in London ) so that a share placement will be at a discount to the previous months trading average . Just some idle thoughts folk - any comments welcomed !
If my calculator is correct, recent trades in London equate to 41cents AUD.
Not sure the cost of transfering to LSE and selling there, but that is a pretty large gap.
As for the price being kept low, I do hope so for the sake of it meaning someone eventually wants to buy cheap and LARGE.
But I also see technical chart reasons for people joining the sell off, the lack of fundamental news over the past year, plus macro mess, plus overall market downturn sector/world wide,,,, I think we would need great and repeated growth news to stay ahead of all that and be priced fairly and where we should be, well over $100mil.
Hopefully seeing our bottom reached is at least a start.