Awoonga, 2nd best post all day! - Kalenn just wins with his analysis. If I could add to your numbers below some important data -
16/05 4,500,000 of 14.4 million
SP low 7.0c to high 7.3c
19/05 1,385,884 of 7.2 million
SP low to 7.2c to high 7.5c
20/05 2,972,864 of 12.7 million
SP low 7.4c to high 7.8c
26/05 2,214,253 of 3 million
on screen waiting at 7.5c, SP low of 7.5c to high 7.7c
This trading day although lower volume is very key/ important. It allows the traders et al to have a week to themselves, in essence Appian alleviate any T+3 issues. Whoever bought in on the 21st, Wednesday was placing orders between 7.6c and 8.1c; theoretically scalped out by the following Monday between 7.5c (Appian) or 7.9c. Any ST trade that paid 8.0c/8.1c was likely stopped out by Friday's close.
27/05 855,044 of 1.3 million
SP low 7.5c to high 7.7c
28/5 not reported? - Appian ~70% (DYOR regarding this)
29/5 not reported? - Appian?
What is maximum % any one company can go for? - why do they continue to buy? I personally believe that this has more than just a great low cost long term resource; they are cementing themselves away from potential predators.
This is a certain LT Buy, there is absolutely no way that a T/O of sorts will happen for at least 3 years in my opinion. As at that point it would in my opinion have to be a London based conglomerate; the key to AVB in my personal opinion was to ensure it could not be bought by a Chinese consortium - of course how deep are your pockets!
As always do your own research.
Great posts all, except there seem sto be a fair bit of upramping ... in my opinion 50% of the AVB thread could be moderated ... just kidding!!
NL
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