Australia's largest stock trading and investment forum Australia's #1 stock forum

MKO

Click for more information

0.00%

7.0¢ metaliko resources limited

TOp 20 hold 90%?!? Wow I have never heard it being that high...

First 268 Last

Share
Profile

Follow
jasonvip1

2,710 Posts.

23/07/16

12:23

Post #: 18344062
Share

Originally posted by investorsal ↑

I've never seen a company where the top 20 hold 90%.
It leaves only around 40m shares available and who knows how much of that was gobbled up yesterday above ASFs 73 million which was taken out by the mystery party. After yesterday's buying after the big exchange the buying continued strongly so maybe the 40 million left will only be 20 million.

Could this mean that people will have to chase this much higher to get any shares on good news because nothing was available before so maybe soon there will be no shares available again but this time with lots of buyers waiting in the wings.
I hold my shares for years so am looking for a long term nest egg investment.

Thoughts?

Expand

TOp 20 hold 90%?!? Wow I have never heard it being that high either. I only bought in due to the surge in volume and close of yesterday so don't know much behind this company - will be spending today doing some research on them!

For there to be 110m+ plus traded including that 73m trade is ridiculous then. Maybe a TO is on the cards

MKO Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TVL

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

QGL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

PGO

Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 242 more messages in this thread...

First 268 Last

Add MKO (ASX) to my watchlist