Yes, i think it was around 40% of takatu shareholders were instos? I haven't gone back to read my post but my sentiments are the same. Instos don't invest in a penny stock unless they are well-informed or believe the company has reasonable chances of success.
Also a placement was done at 7 cents and these holders won't be selling out before then. It will be interesting to see when there is a run if it gets capped by the placement holders or those involved in Takatu (aside from instos). With those grades though and the potential in the ground smart investors would not be selling.
Cheers UAO
EPS Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
