CNO 4.55% 4.6¢ conto resources limited

What gets me is the selling has not been 'highest price...

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  1. 15,469 Posts.
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    What gets me is the selling has not been 'highest price selling'. It gets sold down hard, 20% with one sell.

    Someone has been stacking the sell depth with 50,000 share orders and moving larger orders up and down. Buyers have been happy to buy but the trading makes me think someone has been trying to force the issue of a cheap raising.

    But we do have a very good management so I do expect something decent from them and they have a whole lot more skin in the game then I do! Any sellers will easily be taken out with a fairly tight register and minimal shares on issue. Won't need to raise funds this quarter anyway.
 
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