The oppies are fabulous in the case of MRQ for a number of reasons.
When companies are unloved, the oppies get doubly smashed because of the liquidity. If punters don't want the shares, then they definately do not want the oppies.
Oppies holders who want out, have no option but to sell into the thin depth and this is key for buy entry - why buyers like megadene and gizzard love to bottom feed.
MRQ didn't go for cobalt/lithium 4 months ago but mineral sands. Less sexy space, bottom feeders getting set at .004 and .005.
Andrew Forrest of Fortescue from memory, built a huge opportunity position in FMG when it was a tiddler. Hence his majority shareholding now.
The oppies are fabulous in the case of MRQ for a number of...
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