UNV 0.00% 16.0¢ universal coal plc

Jonathan Your numbers are right assuming all Bell Potter shares...

  1. 56 Posts.
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    Jonathan

    Your numbers are right assuming all Bell Potter shares are Natasa - this is a reasonable assumption.

    Bell Potter sold another $110k worth of stock today so was quite a bit of other selling as price moved up quickly.

    I checked trading back to Oct as allowing for a small amount of other people using Bell (similar amount to buying they had) tells me Natasa may have sold the last of their stock today. If they still have stock highly likely it is less than 1m shares.

    All will be known with more certainty tomorrow. Buyers came from far and wide today sensing a bargain. Expect it will need to consolidate for a while around these levels notwithstanding how cheap it is. Depth indicates continued strength tomorrow which may happen if Natasa finished selling.

 
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