CLU 0.00% 3.5¢ cluey ltd

Ann: Appendix 3B , page-10

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    "I don't hold yet but plan to grab a few of the placement shares near the issue price if possible."

    "well if the tiny 500k volume is from the placement and they continue to be happy to make a 10-15% profit go ahead"

    I guess as a worst case we could see the rest of the 20M or so shares sold over the next month or two, and as a best case that today's sales of ~500k are the full extent of the damage. What will actually happen? I'm neither a technical analyst nor a veteran of placement sell-offs, but presumably we can expect some more selling in coming days plus another bout after the drilling results come out.

    Anyone care to make a more precise forecast?
 
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