re: Ann: MMW: PAN: Anglo Pacific Accepts into...
Hi Zekane:
You're right. I didn't notice the volume spike (2.36 million shares -- usually closer to 400k recently). A few big trades throughout the day (500k, 300k, 250k, etc).
Likely related to the announcement of Anglo-Pacific's acceptance of PAN's buyout offer for MMW. That announcement was released around noon ASX time (maybe a bit earlier). PAN's price stayed within a narrow range throughout the day.
Still more seller volume (460k shares) vs buyer volume (250K shares), though sellers are further up the price list. Definitely much less lopsided buy-sell numbers than over the past few weeks.
PAN Price at posting:
$1.08 Sentiment: LT Buy Disclosure: Held
