MEL 0.00% 0.4¢ metgasco ltd

sellers, page-18

  1. 976 Posts.
    Well observed Mr Oz boy.
    I don't buy (pun on BUY see haha) the ROG swap theory (there are no MEL posters on their thread - not even the accusing Master Seamfiend who has a finger in every other pie)
    Although I am v interested in the ROG drilling results to be announced in a weeks time.
    How's this for another theory: 7+ million shares (2.5% exactly of shares on issue)sold in a day on NO news is unparalleled.
    Particularly as there was new goodish news on the previous day.
    I can only recall similar figures on Mr DJ's famous 100 year comment.
    If 7 m had been dumped without some arrangement the share price would have collapsed. But it didn't. So my theory is that someone new is on the share register and a a deal was most likely done with LNG through Bell Potter. LNG bought 12m shares @ a ave buy price of .42c - a v nice little profit for them and a damn good entry price for a mysterious new player.
    A lot will be revealed possibly next week when we can see who has done wot.
 
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