If AF is buying 115M shares at $1.48 then why is the SP at 1.40 with only 11M-15M daily volume?!
Clearly the chart shows this is at the bottom around the $1B MCap.
But AFs history is mixed in the past.
He has a history of flipping, fake blocking and warehousing tenements & mines.
His plays in ANL AGO AHZ Ravensthorpe WSA Noront ended in disasters.
The Noront Ravensthorpe WSA Boards refused his advances and went elsewhere & wanted to cash him out or ignore him. With Noront he paid a massive sum for a frozen black hole yet BHP faked outbiding him & now his $450M sits warehoused for 10 years going nowhere.
In AGO he flipped for a pathetic 25% or $18M gain to Gina losing $12,000M in value to her in the process.
ANL went bust & even his failed WSA blocking attempt which again he flipped for a pathetic 15% showed Creasy & Lougher ignored him there & didnt want him on their share register.
Can the real AF please stand up this time here?
Or will it be another short term flip at 1.80 like these others?
His only play that worked for other holders was FMG.
Sure its short term good news depending on where he will flip it at like these others.
RRL Price at posting:
$1.40 Sentiment: Buy Disclosure: Not Held
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