Yes he obviously has a few shares in his back pocket to share with us...
He seems to off-load at a pre-set levels each day until that day's quota has been filled.
First day it was 9c...then it was 9.6c...today it appears to be 10c...and no doubt, Monday will be 10.5 or 11c.
The shares have been tightly held amoungst the top 20 for ages...so one can assume they wouldn't be selling now, especially given that the company is about to make the transition to producer.
Also, given the price has rarely dipped below 9c, it wouldn't be a trader offloading at much of a profit!
Given the trading history of ESG, I suspect it is simply one or two larger holders using the current buying strength to convert to cash while they can.
They are showing heaps of patience and seem to be sticking to their daily price limit...this indicates they are very confident of getting their orders filled...if not immediately, then in the comming days/weeks.
I'm happy to be just as patient...and will hold for the break above 12.5...unless things suddenly go all pear shaped or something.
Cheers!
ESG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
