My intel is that Sintang is in desperate need of cash. Some of their investments into producing assets have gone south, hence the need to liquidate. You have to wonder why they are doing it across a platform like the ASX, though, rather than as an off-market transfer (the transactions are not coming up as an XT). Also, the BUY/OFFER amounts only come up a millisecond before they go through and smacks of the same broker doing the selling and the buying - has anybody come aross this before? More questons than answers in this one.
Either way, its good to see ST getting off the register, if only in dribs and drabs.
Woof!
MFE Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held