Intersting discussion. On the 23rd instant SSS jumped from the previous close by over 20%, it has not closed below that since, (It is in the box) and in that time nearly 400 million shares have changed hands. Now day traders would be a factor and excited trend followers would be another, but there is some real faith in there as having watched it close, buy orders have been larger than sell orders. The weeks preceeding that was the other way around.
The old sea food mob have been kicked out and I think some clever smarties have used the shell to get themselves and mates into what seems to me a very good thing. Maybe it is just for a short ride and maybe it is not. KRL just next door so to speak looks a bit the same. And note the head office of both are in the same place, Perth. Now this is in a new frontier, Indonesia. who are anxious to make a real buck. Graft is one thing, but real big business where millions can be made is another. They have minerals untapped just oozing out of every spring, now they have cleared the forrest you can see it everywhere. Now some of those board members are of the old colonial english type, the ones who exploited Australia 200 years ago. And that Perth mob know where and how to find a buck in the stone.
Now this is just a Saturday night big picture rumination on a few reds, but the more I look at them the more I think there is a lot more to it than many of the dud trades of the past. Interested in other ruminations on that wild theory.
SSS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
