Now we know why there was a sell order for over 3mil @ 38 ………They issued over 3mil to aussie investors @ .38 and already there up for grabs at .38 in market depth. Some were bought on Friday but the remainder are still there. Does that show faith in management or that they regret investing? I do not doubt that the value in resources is there but I do doubt the ability of the management to be honest and transparent and allow investors either institutional or small fish like us to make an informed non-price manipulated decision.
Chart wise I see the price filling in the gap from 29 to 31.5 and from there well it could possibly go anywhere they want it to.
Can anyone explain how to post a chart?
thanks
NIA
niagara mining limited
29 to 31.5
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