FAR 3.09% 47.0¢ far limited

Last Chance Under 12c?, page-4

  1. 1,657 Posts.
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    Appears to be a bulk buyer. Waits for large number for sale at a pre-determined price and then clears the line. Has happened a number of times. 11.5c building ATM and when a large number is available swoops in and takes the lot. Most of sales at 11.5 this morning appear to have been taken up by same buyer. Doesn't seem interested until a sizeable number are for sale and currently loses interest at 12c. If I'm correct , the next large sales are likely once the number available at 11.5c exceeds, say 2 million. IMO we need more buyers to appear before we can break through to higher prices. The one group ( meridian ? ) seems to be in control at the moment.
 
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