GWR 2.50% 7.8¢ gwr group limited

anyone know why the huge sell off, page-3

  1. uio
    293 Posts.
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    I'm guessing its because the directors are trying to push a resolution through that has no benefit to minority shareholders and benefits greatly one of the executive directors.

    I would be highly suspicious of the activity today, in such a thinly traded stock, when a sell down occurs triggering stop losses to $1.70 and then suddenly buyers instantly come back on up to $1.90.

    Directors may be accumulating in order to ensure that the resolution is passed. Accumulation now in the face of the negative independent expert's finding and with a pending resource upgrade due in the next quarterly could be profitable for the directors in two different levels - profits from the inside trade plus the longer term benefits of the resolution.
 
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7.9¢ 7.9¢ 7.8¢ $2.675K 34.17K

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1 75827 7.8¢
 

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8.4¢ 17497 1
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