ATU 0.00% 0.5¢ atrum coal limited

Ann: Elan South Exploration Commences, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 591 Posts.
    lightbulb Created with Sketch. 8
    "The 42mil share crossing today is evidence of the desire for coking coal"

    Is it ... ? There's a buyer AND a seller, right? Genuinely curious as to why you see this transaction as a positive.

    If I had to make a call one way or the other, I'd see the level the trade took place - 30c - note that it is below the current market, and infer that there is a big seller of shares - not great news - and they've been facilitated just below market. The fact that it's only a couple of cents below market is great though.

    Although if you want to know what I actually think happened, I'd think it's much more likely that this is just a transaction between related entities, from which we can infer nothing.

    In any case, there will probably be an announcement shortly, which will put and end to any speculation
 
watchlist Created with Sketch. Add ATU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.