I've picked up a few more at $1.15 last night and this morning. It is worth noting that my trade was a cross trade (XT) therefore the seller was with my online broker - Commsec. This supports whoever said impatient to patient.
I'm comfortable buying around these levels and given the action expect I will pick up more.
I want to see an updated top 20 and have asked for he same. I am interested in how these players have held or otherwise since the last update. Particularly interested in Pretorius given his sell down earlier although I note he is allocated 800K in the cap raising.
Of the 20 million shares to be issued 8,716,400 are allocated to existing top 20 holders. A further 5,690,400 wnet to Sonray/Chess (Chess is a sub of Sonray) and Jardine Flemming Asset Management took a further 1,900,000.
I note that Prospect didn't participate but there are some Kiwi's in the list. Interested in the Jardine Flemming Fund - are they connected with JP Morgan.
Looks to me like there is a concerted effort to get stock at $1.15 or lower - evidenced by the insane sell depth.
When the reigns are released it'll go hard.
Patience grasshoppers IMO. All good except for SP.
Sigh - needing my RFE adrenalin hit ;)
RFE Price at posting:
$1.16 Sentiment: LT Buy Disclosure: Held
