Based on ML's meeting time with Chinese stockbrokers, I suspected Chinese funds and investors started buying from 23 October 2017.
The volume weighted average price since 23 October 2017 to the time of writing: 23c
So Chinese fund's average cost would be around 23c
Based on my experience and understanding, Chinese funds would usually push price up over 150% to enable them to offload at a decent profit, so, they might push up to around 57c, imo.
Column 1 Column 2 Column 3 Column 4 1 Date Volume (ASX & Chi-X) Value VWAP 2 23/10/17 39,145,405 $7,213,323 18 3 24/10/17 71,736,726 $15,274,183 21 4 25/10/17 80,618,993 $17,212,155 21 5 26/10/17 64,200,512 $13,141,844 20 6 27/10/17 44,367,984 $10,057,778 23 7 30/10/17 39,538,893 $9,202,281 23 8 31/10/17 46,197,852 $11,254,258 24 9 01/11/17 90,338,139 $24,425,626 27 10 02/11/17 39,992,889 $11,353,581 28 11 12 516,137,393 $119,135,033 23
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