ARL 4.44% 47.0¢ ardea resources limited

Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-405

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    A little ETF update, after increasing up to 800k corresponding with the recent sharp SP drop they have sold off to 650k.

    The question was as mentioned previously are they just trimming their holdings or churning the sp to accumulate at a lower price, it’s my personal opinion these guys are most of the buy and sell churning most of the daily volume to accumulate long term.

    In the last day or two they are back up to 680k so we will see how they go, it’s bittersweet I guess but they are able to pretty much control the SP as management announcements are some what predictable along with very little interest in the stock or nickel stocks in general.

    ‘Ironically several of us retail have larger holdings but the ability to churn means they can influence the SP but hey we all know the deal it isn’t fair but that’s the deal.



    https://hotcopper.com.au/data/attachments/6273/6273363-851aeae5cdf7ee3750e8cfa4f4bf25b6.jpg


    https://hotcopper.com.au/data/attachments/6273/6273365-89aa8115aef1f23ddbe37e94735fc147.jpg

 
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