Hi all
I think management has done a excellent job over the last couple of months with the movement of shares.
placement of 15.3m shares, rob sold 1.7m shares, one director took 300k of these so they found someone to buy the other 1.4m , know the off market 5m shares. so though placements and off market 22m shares changed with minimal impact great to see the demand out there on top of the normal trades. Wonder how much more intrest out there from these off market buyers out there, will it spill over into normal on market buying?
with this last deal from the director sold $2m but paid $2.1m so as such has tipped in another $100k , and we had Brenda? Put into $126k , which all points to belief in the company.
other trading, Are some off these off markets buyer buying on market, it looks as if someone is trying to keep a lid on the price by loading up the sell side with these 2 blocks of 500k, just high enough to be out of reach from the day to day fluctuations, but big enough to make people think about selling a few. If I was looking to sell 500k shares the last thing I would do is tell the market way in advance. Loading up the sell side only acts as a hindrance to sp rises. So either a dumb move if you want the sp to rise to sell some or smart move to try and accumulate more. Imho
thanks
mickem
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