I think OCP have actually pretty successful in accumulating - they have bought 20M shares on market over the past less than 9 months while prices haven’t increased during the time period. Looking at the typical pattern they wait on the bid side in small chunks (50-100k lots) and wait for sellers to hit the bid. Would be interesting to see what happens if sellers don’t hit their bid for a few days - perhaps they increase the price to flush out a few more sellers.
I accumulated a fairly large position between 15-20c a few years ago and not in this to trade it for a few cents.
What will drive this is news - exploration drilling news, then metallurgy results and then the feasability.
- Forums
- ASX - By Stock
- Ann: Exercise of 85 million warrants and Appendix 3B
I think OCP have actually pretty successful in accumulating -...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AML (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.482M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
AML (ASX) Chart |
Day chart unavailable