It was either good news on the horizon so buyers went after stop loss orders (quite successfully as it turned out) .
Ot the AGM resolution asking shareholders for authority to allow MNE to increase the share's in issue by 10% - in addition to the usual 15% rule at some indeterminate point in the future.
Something is certainly underway if volume is anything to go by
For September total volume was 66.195mn shares of which 32.283 were traded on just one day on the 24th. Removing that anomalous figure from the total it was 33.912 for the month.
Half way through October we have traded 58.761mn including today's above average figure of 19.498mn ... so again removing that it comes to 39.263mn for half of October to date.
The news all seems to be positive the volume is increasing and yet the SP is going down.
Has anyone noticed the 159k bot recently?
EB
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