The MD Paul Poli just bought $58K of stock on market at around $0.30. From memory, most of his initial holding was bought when the stock was $0.34 I think, so he is still OTM on that big holding. So for him to dip back in again to buy more tells me he must be pretty confident!
This stock hit $0.47 in Dec last year on the promise of a deal with the Chinese would be signed. With no news, of course it's drifted now to below $0.30. The delay is most likely due to holidays and Chinese New Year.
Could it be a deal is close to be signed? The timing seems right! I'm keen to at least buy the rumour, because at these levels, this stock is at bargain basement prices.
People need to look longer term too, this stock has real potential with gold and iron ore leases in Thailand next to KCN waiting to be granted.
The MD Paul Poli just bought $58K of stock on market at around...
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Last
2.5¢ |
Change
-0.002(7.41%) |
Mkt cap ! $13.76M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.5¢ | $10.27K | 375.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 432673 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 158199 | 2 |
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| Last trade - 15.51pm 18/07/2024 (20 minute delay) ? |
| MAT (ASX) Chart |