The holding pattern for 4 weeks ignored the 6 may concall, the cashbuild, the Q1, the AGM, the COP restatement, the BRL even, but it has not ignored the reserve statement, the Wellington buyup nor the NP spike against the US$ rise.
So thats telling me that the FA is solid as a rock, but they wait for the NP & offtake & US NH buyers, the other NHs are taking their cue from Wellington and some other traders are as well.
CEXT deployment at 13.75 means some other insto is whiteanting Wellingtons buying again at 13.5 and wont let them have it, so 14.0 -15.5 will be the forced buying range sooner or later, Dr Suess has been wtaching, the software is flashing green & emailing prespike warnings to their traders globally especially our US NHs who watch this daily, Wellington is buying daily 850,000 shares likely they bought another 2M today, so who else is buying.
To our Top 10 MBN HC holders
Jacky123, Gordyboy, The Gray, Kapetanios, nottocall, Unknown Bystrander, Eddo,
its going up, any thoughts? Any tips for us smaller holders here that hold a combined 53M shares that we know of totalling 6% of MBN?
,
MBN Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
