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Regarding the last sentence"At least now its all done and we can...

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Olef Olsen

312 Posts.

90

02/07/18

21:44

Post #: 34094199
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Originally posted by Zior ↑

Aye Olef, its not the same which is why I said it was similar. And yes the price 'could' go up, but just remember that our seller, whoever it was (and why I will never understand at this point of the cycle), would have had to deal and compete just the same finding buyers, so it 'could' have just as easily gone down. The other side had to sell those 8million, and with only 4.8 million buyers on the whole book this afternoon chances are he could have capped us for a week or more to get the price he wanted. So yes, the buyer has shown his hand that he thinks the company is valued much more (like we do) but remember that equally the seller has shown their intention and likely thinks the opposite. At least now its all done and we can move forward.

Would be a nice problem to have with 8 mill shares tho...

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Regarding the last sentence"At least now its all done and we can move forward", we could say just the the opposite..."this was a lot at this stage but other lots are available to be sold in cross trades at low prices".

FTT Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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