BIG 0.00% $2.22 burrendong minerals limited

AGM Notice - shares to be issued, page-75

  1. 307 Posts.
    I’ve looked on the OM website and their lists of publications. Nothing is listed that would for the basis of the AFR article.

    Seeing and speculation without fact has become so popular in the past few days, and replicating the style adopted by some journalists, I offer the following my speculation for The purposes of some light relief.

    A long long time ago (about a week) in a galaxy far far away (Sydney) the Empire (Randomly pick almost any large broker) use the dark side to uncover weakness in a growing company (Big or any other small cap they want cheap shares from) to help those lost to the dark side ( shorters and lazy journos ) drive the SP down. Private research is commissioned by OM to seek any failure or short coming in governance.

    • Shorters strangely take up positions against a small company that’s had huge SP growth.
    • An article is published (today’s chip wrapper) claiming stock is being issued at massive discounts (not reflecting in the huge growth since deals were signed).
    • Shorters load the sell side with shares
    • small holders panic and follow the herd and sell.
    • About 700,000 shares are sold within seconds of the market open and the SP drops $1.

    Shorters, and insto’s finish the week drinking champagne

    All my own opinion/ fantasy, such things could never happen under the vigilante eye of ASIC

    Lumpy
 
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