re: Ann: Nullagine JV secures US$50 Million P... The reason the price has gone down is that traders and insiders have been accumulating for a couple of weeks waiting for this announcement so that they could sell into the high volume price rise. The high volume and price rise has not happened so traders will look to exit. The issue is that the price rose heavily the last two days on high volume so obviously those in the know were stocking up before the announcement. The question is were they stocking up to hold or sell? If it was to sell after the announcement the price may still go down further. All I can say is if you are long on this dont let it take away from the good announcement and stock up if it gets any cheaper.
Ann: Nullagine JV secures US$50 Million Project F, page-8
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