I'm not a chartist's boot lace but based on lots of previous form this selling is strongly indicative of some one like Regal driving the SP down so they can buy back more cheaply and book humongous profits at normal SH's expense (which AML mgmt seem to turn a blind eye to). Of course, AML mgmt know who is buying and selling 3 days later.
Now this market manipulation only works if they scare punters into selling.
IMO you'd be nuts to sell at the moment (unless desperate). I hope the skiing is good!
Support for this view comes from often poorly read announcements forced by the ASX for significant holders eg:
Regal ASX ann "Ceasing to be a Substantial Holder" 28/2/18:
http://www.aeonmetals.com.au/assets...ng-to-be-a-Substantial-Holder-Regal-Funds.pdf
This ann reports Regal sold 9,967,395 AML shares Dec-Feb 2018 and then, significantly, a further ASX ann 28/4/18 "Becoming a Substantial Holder" (again). This time they suddenly went from sustained and relentless selling of millions of shares to buying millions more back again which pushed them back over 5%, thereby forcing the ASX ann (otherwise no one other than AML mgmt would have known what they were up to)!:
http://www.aeonmetals.com.au/assets...Becoming-a-Substantial-Holder-Regal-Funds.pdf
This type of activity is typical of why you wouldn't want a hedge fund like Regal on your share register (let alone giving them whatever they want in placements as appears to be the case with AML).
It also leads many to believe that they were told something significant. Why else would they turn from big selling to big buying? Sounds a bit like insider trading?
IMO, this reinforces the view not to sell into their (or whomever's) predatory tactics.
The fundamentals of this remain amazing and patience and courage will be rewarded! Hopefully, the more pain the more gain? (shame it's like this though)...
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