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4.2¢ magnis energy technologies ltd

Ann: Becoming a substantial holder, page-10

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stringfellow

174 Posts.

19

28/09/18

14:40

Post #: 35911802
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Originally posted by unicrumba ↑

of course, an off-market trade would have made more sense...but without having anymore info and considering that:

* we know there was a large seller
* we know almost all those shares got bought up by ALC
* we know they got sold/bought within a very tight spread 0.220-0.230
=
the above would be too much of a coincidence to be happening at the same time, I mentioned earlier I would prefer it's not Upreti, but evidently some large holder has sold, and I guess Upreti will need to come up with some money going forward unless off course they have some big backer lined up?

One thing is sure (to me) today's announcement is another HUGE Buy signal. As soon as seller is done, this will move very quick.

All IMO

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yes agree. although you have quoted a spread likely to be another graphite stock. in addition to the action, Increased shorts may need to cover soon.

MNS Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

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