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1,085 Posts.
5
31/12/08
11:01
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I'll answer the question about why it jumped to 35c on closing the other day.
a 10million buy order went on at 50c. Then moved around a bit to settle on 35c.
Basically 10million shares moved the price in 10 minutes from 26-27c to 35c.
Reverse that around with ~500 million shares issued in the retail offer alone.
Say 10% of those are looking for a quick exit.
50 million shares looking to get out in a week or so.
Look at what has happened to GMG even DXS with it's upcoming offer. I can't see why the share price is where it is....
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