Is the saying 'Calm the farm'?
Mate...The last announcement was indicative of what it said.
That Jigao were able to forward the completed package to parent company Jinan executive management for review...Jinan feedback was very favourable, just completing negotiations on points that Jinan raised in the December meeting.
Jinan only have 2 board members, with voting rights to the max of 34.01% with no casting rights.
That means Patrick Burke & Peter Canterbury are well in control, anything that can't be agreed upon will end up in a shareholder vote.
Jinan can not exceed their 34% stake without further FIRB approval...So no silent accumulation or cheap takeover.
The shares changing hands is indicative of a heavy, skilled accumulation by someone or one's that probably have a reasonable grasp on financing...The accumulation commenced in November after the Jinan restructure was completed.
The volume is indicative of someone getting ready for a fat pay day...Perhaps others are not piecing the puzzle together but I'll bet my left family jewel that someone has been hoarding under either HSBC or Citicorp or both via SG Hiscock and we will never know who they are.
The downrampers have not been in overdrive for no reason.
We are still in the Chinese New Year holidays.
We are still in Mozambique wet season.
Peter Canterbury over at DEG still has his 5m shares Ungung...That is not at all indicative of a cheap takeover on the horizon now is it?...Or has he kept them so he can get pennies on them? He is still a non-executive director in the know...He would have cashed out and sailed off into the sunset if he didn't know financing was coming...Peter is licking his lips imo.
Block out the BS noise trying to scare everyone on this forum.
These so called 'Holders' are very much holders! They are shaking this tree like it's their old fella!
Look at the notices Ungung, the daily volumes.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $4.171K | 379.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 855920 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1663091 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 605920 | 0.010 |
5 | 1250111 | 0.009 |
4 | 1182863 | 0.008 |
5 | 649619 | 0.007 |
4 | 848475 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1663091 | 4 |
0.012 | 1028321 | 3 |
0.013 | 500000 | 2 |
0.014 | 1299399 | 2 |
0.015 | 422429 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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