Reconcile the surge in gold and the share price going nowhere........its like a kettle screaming on the hot stove. Will Merrill lynch blink ?
The pace of the rise of gold is probably making underwriter Merrill Lynch look at its options ......... what do we do with all these shares. The more shares ML hold the less likely the share price will move. This a problem for ML. The fewer we hold the greater the chance it will rise. This is problem number 2 for ML
If I was ML i would be looking to do a off market transfer with a cohort of funds, like vanguard or like perpetual (notorious value investors)......Just get rid of some, even if the price is a little lower than $2.70 to let this little birdy fly a little. Basically its a game of math - maybe clear 20% of their total holding a slight loss to get 80% above the buy line.
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RRL Price at posting:
$2.63 Sentiment: Buy Disclosure: Held
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