Interesting to note from the announcement last night, while Regal was decreasing their shares to below 5%, OCP was capitalising on the opportunity and accumulated more than 7.5million shares since the 13th of June. This now brings their total shares in AML to over 180million (30.7% of AML ).
I hope other shareholders were able to capitalise on the opportunity as well. It will also make an interesting play if Regal again starts to re-accumulate as they did in August 2017 and in April 2018. However, their investment strategy can always change.
AML Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held