The way I'm reading this announcement:
http://www.aspecthuntley.com.au/doc...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true
L1 had ~17.4m shares prior to their previous notice (dated 03 July 2017). The price range in the 12 months leading up to that notice was ~25c - 60c. Within a week of that notice price reached 78c before briefly retracing to high 60s (accumulation, pump, selloff & derisk?) and then continuing upward trend toward $1.16 on 26 Apr before a sharp rise to the $1.50s/$1.60s over the last 2 weeks. ~5.8m shares acquired on 04 May 2018 (price $1.62 at 04 May). Will it be another pump, selloff & derisk before upward climb again?
More applicably, do we expect comparable action with BGS given the similarity of the announcements?
With JORC, PFS2, Gold Deal, etc imminent it seems it's more likely to be a long position based on this IMO.
Will be interesting to see how MDL tracks over the coming days and whether there are parallels with our BGS..
Cheers
Freighter
