SAU 4.35% 8.8¢ southern gold limited

The trading yesterday was unusual, 1 genuine buyer at 0.27and...

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  1. 732 Posts.
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    The trading yesterday was unusual, 1 genuine buyer at 0.27and then a fire sale started, big sell order at 0.26 and then very quickly replaced with I suspect a unlimited sell, this no doubt triggered some further selling. Now I question the motive to sell in this way, possibly wanted funds for a fast moving stock or maybe trying to buy into SAU in a big way at very heavily discounted rate. Glad to see a bigger order to buy however I'm not rushing to sell,
    As for buyback, I understand that we need to preserve capital however if we need to raise money it would be a lot better to do it when the current share holder's can see green. I for one would be far more likely to invest if I was in a positive position.
    Good luck to all for 2018 we have a lot to look forward to.
 
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Currently unlisted public company.

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