"Today buyers seem to be in a hurry... no wanting to wait. I remember last time this happened it got up to $0.32 (that Friday in the last 1 min before closed 320,000 bought on-market). Then the following Monday, it went into trading halt but only 277mt announced.
That sp spike also started with multiple buyers buying 100,000 shares. Yesterday we saw the same thing, 100,000 shares X 5 at open then followed by a few big ones (280,000 shares on market, yesterday & today). SP is looking sharp. I think buyers will come back with even bigger buys. IMO we might see a sp spike before trading halt on resource upgrade, but IF upgrade isn't as good sp may fall back"
Then at 18:00 1/7 (a few hours later)... trading halt. Somebody was in a hurry to buy shares, I wonder who?
MFE Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
