The dullness is mainly caused by their biggest SH, Thorney Opportunity selling constantly from 22 cents and lower. They did hold 25% last December and the latest is 21% and that will be revised further down, IMO.
Can't blame them these guys underwrote and bought millions in the CR last July, circa 9 cents. So they have more than doubled their profits.
Also, the Fund Manager, Discovery Asset Management last month increased their holding to 6.2%. I looked into their track record and they consistently outperform specialising in small/mid caps on a 5 to 10 year view.
Side issue. Another Co 'I own, MXI saw their Tipper sales jump by 67% over past 6 months which even Management were amazed by, seeing their SP rise from 55 to 77 cents. These Tippers are used in waste, construction and mining.
Tippers are similiar to Trays only smaller.
I'm not cross promoting MXI just pointing out another reason I expect ANG's next Fin report to be better than mkt expects.
Final point management are not exactly talkative, rather let their figures do the talking.
All IMO.
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