NWA new world alloys limited

why did 75 of all shares change hands

  1. 13,252 Posts.
    This is just a an idea of why 75% did change hands.
    If NWA had any reason for someone to buy that much
    it would have to declare why or at least go in to a trading halt. But my thoughts are 6 to 8 weeks before listing SAMR prospectus would have hit the streets for raising at listing in October. THE last seed raising for SAMR was 2.5 times oversubscribed, now with this in mind has the sub for SAMR been oversubscribed again at 10p. NWA would not have to announce that or go into a trading halt with that news. So has someone
    in England and investors in Australia who have found out gone for the plunge and picked up all they wanted.
    As l cannot see traders trying to make it run putting in 12 mil as they would have not made a cent. And with other posters saying NWA will release news why so many changed hands and the reason why, l have struggled for a reason and this is one of the only ones l could come up with. Mind you its only a theory does anyone else have any thoughts in agreement or against
    or anyother ideas on why for 2 days so many changed hands and then stopped.
 
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