Webral Who are they selling through ? Ords did 18.9M and a few...

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13/03/15

15:33

Post #: 14910495
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Originally posted by webral ↑

Liongold Corp, the second largest holder, sold 22.5m shares this week as per notice and have 94.5m shares remaining. The shares recently came out of voluntary escrow from a year ago. Liongold share price has fallen from around S$1.70 to S$0.01 in the past 18 months and they are looking to move off the main bourse. They probably need the cash and will likely dump remainder.

Unity $9m cap, $12m cash last qtr plus expecting a significant increase in cash which should be a catalyst in early April. Maybe more to come as production winds down in coming months?

How low will Liongold go? Hopefully they dump a tick or two lower to clear large overhang rather than sit at 0.8c. Also the chance of an arranged crossing at some stage.

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Webral

Who are they selling through ?

Ords did 18.9M and a few other brokers had only sells, no buys, but nothing equals out to 22.5M exact

Perhaps the broker has taken some in-house from them ?

Looks like a good play, but you'd have to expect they'll sell the remaining 90M the way things are going for Liongold. So its take a punt on where you think it will level out, or wait for a crossing and then hook in

Looks like 0.6c may be the sweet spot ?

UML Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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Webral Who are they selling through ? Ords did 18.9M and a few...

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