Please read the 3y properly 15m on market 10m off at the high...

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tradesido

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18/09/17

06:40

Post #: 27278163
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Originally posted by TheArchitect ↑

Big to maybe the everday joe, but in all scheme of things not really that big compared to what the big holders have e.g. Huayou 186m, Dathomir 240m and amount on the register.

A lot of Traders trade with those sizes and likely a few maybe wanting out as selling pressure increased as well as quite a few everyday investors (retailers) also would have holdings between 1m-10m and don't really know any better and go with the herd to sell & place larger orders like that on market.

Other option is what also Airguide have noted of, a larger player is capping it in order to suppress the share price to accumulate more or keep the price lower in the event of a take-over or for potentially next round of financing to come in October after the AGM clean slates the company's ability to issue more shares, keep the share price lower to keep the VWAP as low as possible until then. (purely speculation).

Or could be suppress the price until the last drill results come out, anticipating good results, so that they can accumulate more at lower levels before further confirmation comes to light for Hole 7 Manono.

Agree, someone paid a premium for 10m shares at 15c for $1.5m off-market, different if it's on market, but this decision had more time to be thought out for who ever the buyer was and it wasn't some everyday retailer.

So why did they pay $1.5m for 10m shares at a 15c premium, that's the question to ponder over.

I'm off for the night, looking forward to Hole 7 results coming out this week.

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Please read the 3y properly 15m on market 10m off at the high price this will not be good imo.

AVZ Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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Please read the 3y properly 15m on market 10m off at the high...

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