RED 1.59% 31.0¢ red 5 limited

good sign ?, page-2

  1. 783 Posts.
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    Yes , that would explain the all the Bot buying the last few weeks. All good in my view ," Mathews" are a Broker House .. They were involved with UMC(United Minerals) a ASX listed company involved in Iron Ore in the Pilburra (WA), they ended up selling out to BHP on basically the first offer they received .... $1.27 per share. After all they couldn't sell out to any other as their tenement was positioned between BHP & RIO as we know the two majors merged all IO operations in the Pilburra ... So basically the offer was take it or leave it ( to many politics involved in this scenario ).
    Mathews has an eye for Good money making projects and at a low entry price , how can they go wrong !!
    With over 21Million shares , they are on a winner
    ( only my views )

 
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