MCO 0.00% 11.0¢ morning star gold n.l.

nick garling buying shares - $2.5 million, page-22

  1. 1,484 Posts.
    You guys have covered it all pretty well. - I did not check out the dates before topping up tsssk)

    Regardless of the date Nick bought - the SP has yet to move significantly.
    So if he was propping the price up until first pour - he himself has nothing to gain unless the price moves north of current levels, and that is the key.

    No risk of pump and dump here, as the pump has not even started. Also, the level of investment and effort that has been put in, to get MCO this far can only be returned on positive results. - no way the big boys could get out without crashing the price if things are not going well, so a 2.5m buy is too big to be a "fake lead" - 5 x buys at 500k would have worked better if that was the intention

    Sure it is a gamble - but it looks like a very straight play with plenty of information on the table, and the big boys have mostly invested at prices higher or equal to current market SP.

    The tailings alone should be enough to get this baby rolling.

    GL and never let my ramblings influence :) - I only write to gather my thoughts

 
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