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 |