I have been encouraged to jump, but despite someone today saying 25 million shares was a lot to wash and hang out to dry, I note that 17.4 million shares changed hands (or hand) today while the ASX VWAP was 23.95 cents at close, and ~ 15% in a couple of weeks brings new meaning to the the word "arbitrage" where previously what came to mind was Steve McQueen wandering past his telex machines as he shaved off microscopic amounts from complicated foreign exchange transactions, but now I see brokers grabbing great chunks, with suspected minimal intellectual input.
I suppose Faye Dunaway was right and we should Think Dirty.
The upshot of the VWAP value is that I am far from convinced that the share price will do a dive, and therefor I will retain my modest holding.
Wake me up when the share price goes past AUD 1.00.
Ann: Appendix 4C - Quarterly, page-60
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