MON
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0.00% 29.5¢ monarch gold mining company limited

Hi Manila,It is only $30,000, but why would you be buying?(a)...

  1. HamburgerK
    706 Posts.
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    09/04/08
    22:00
    Post #: 3569117
    Hi Manila,

    It is only $30,000, but why would you be buying?

    (a) Speculating - if MON has positive anouncement and goes up about 10 cents say to 55cps then the RTS are worth $300,000.

    (b) Accumulating - someone wants to buy in.

    (c) Dumping - someone does not want to participate in RTS, but there was NOT enough buyers at start of day to absorb 3m shares. May be organise transaction.
    MON Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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