This trading has "smart money" accumulation written all over it. The share price has rocked up and down for a few weeks. Then this morning, pre JORC, the price scurried up a few notches before settling back at 18cents. This miniature pump and dump was, what you may call, the last grasp for shares by a few with a good idea of what the announcement would entail. Now that the Aussie market is having a bit of a sour day, the bigger holders are sitting around 20cents looking to scoop up any cheap shares before Goongarrie's JORC is released, fully aware that it is likely to be as good as Anthill's.
Seen this all too often before. Just hold firmly to your shares, and in a week or so time you'll be wondering what all the fuss was about :)
At these prices (sub 30cents), my sentiment has changed from a speculative hold to a screaming buy!
MKO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
