Yes I hope this is logical thinking in that they only sold a quarter of holdings at roughly 9cents. If they truly believed that was the cap in value for BLK why wouldn't they have sold everything and run. This part sale only will detriment the 75% they still own as it could be a signal of their belief in BLK. If some other instos follow suit now they will perpetuate the fall in the short term. However biggest difference is other intos did not have the courage to buy in at 4cents. Therefore I do not expect others to take profit as the register was churned in the 8 cent mark. With March results only a couple of weeks away I think it's poor form really. Someone in the office may question the decision if March is a ripper!!! Having said that someone else will now benefit so sharing is caring.
- Forums
- ASX - By Stock
- WMC
- Gold Turnaround Story of 2018
Gold Turnaround Story of 2018, page-1012
-
-
- There are more pages in this discussion • 2,181 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online