Since the beginning of the month, OKU has seen nearly 15- 20% of its share register change hands pre-results. The stock has risen well, even when the gold price dropped $20. If you are a big buyer, you keep buying and take advantage of the cheaper stock.
Chalice bought 15m shares and who has been buying the rest of it? There is another 20-25m shares not accounted for and this is hardly a mums and dads stock. Hot Copper hardly sees a post on it.
We have seen over 40m shares traded and the buyers are on the back foot. This suggests that the buyers are large, off screen and potentially ongoing. I am seeing this share register change hands before my eyes over the last couple of weeks. dyor
OKU Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
