CNB 0.95% 52.0¢ carnaby resources limited

Ann: Appendix 3Y - Change of Directors' Interest Notices, page-46

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    lightbulb Created with Sketch. 229

    "someone spent over $3m and are currently sitting just about breakeven"

    Of course it is possible they sold into what could be seen as a directors special 'Mt Hope Shines' announcement on 2feb and then the Diggers and Dealers article rally after that. 1.20-1.30 available in volume in those periods. That looks a lot like a couple of well manufactured/anticipated selling opportunities for any stock commited to buy at 1.15.

    If they averaged around 1.25 that's a $300k pay day on the back of a bit of media work and a surprisingly timely announcement.
 
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