CXY cougar energy limited

spp was a strategic move

  1. 1,857 Posts.
    Looking at the volume of shares going through, and more importantly, the price, it would appear that the SPP was a strategic move to get a number (replace that with "considerable volume") of shares into safer hands. With the price soundly staying around the 8.4/8.3 level, it would be a superb way of ensuring that shares moved from weak hands to solid hands. This works as then the buyer, has secured the shares at the "right" entry level.

    Btw, I see this as a good move.
 
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