Been watching the ops since I bought some around 6 weeks ago Buying interest is met by one or more entities reloading the sell side everytime a few get taken out.
According to the 2008 AR, ML nominees had 109mil ops and the other top 20 holders held around 110mil ops between them.
Supposedly, some of those other top 20 holders were the sophisticated investors who picked up 100mil ops at 0.1c each in the May 2008 placement ?
Anyway, seems there's a few out there that were picked up on the cheap so selling at 900% profit, ie 1c, is understandable.
Admittedly, there would be some selling from small holders like ourselves that want a quick profit or churn for a lower entry price.
JPR Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
