Ann: Diamond Drilling Commences at Sturec Gold Project, page-54

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aliscrazy

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25/07/20

23:05

Post #: 46067874
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Originally posted by RetirementACC: ↑

now I get it. Aliscrazy assumes 2.2m was sold over 2 days and thinks that someone else was selling because the sell orders were there for weeks.
Well that's easy to explain.
1) Sell orders disappeared just before the announcement. Which is a big give away and not a coincidence.
2) They are not obligated to tell us when they started selling, reasons, etc even though they did give us the month the transfer happened
3) We did not see 2.2m share move in any two days on the asx in this time frame.
4) BCC don't have these shares on asx directly, "in an account like you and I"
They use a broker, which means they transferred a number of shares (this is where "The 2 days" came from aliscrazy) and a broker sells on asx.
Most firms use a broker, there's no question about it.

Example (becoming a substantial holder) notice
simply gives you a date and the amount of shares true?
This number isn't accumulated at this date in the notice.

Money is given to a broker, broker buys shares over a period of time until the agreed amount is reached. And only then a notice is given.

It works the same way the other way around.

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Sorry mate, this post is fundamentally wrong on many levels, you need to spend some time on the books. I assumed nothing, anyway doesn't matter, I'm hoping to jump back into MTC at some point, below 15c hopefully haha I'm in this end of the market 24/7 (sad life i know) and there are no stocks quite like MTC lol

MTC Price at posting: 26.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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