This is the second announcement this week and both times we have substantial increased volume of shares being traded. This normally suggests that there is a seller or sellers who wish to exit on the back of these announcements. The selling has been aggressive on both occasions . 25 million traded in less than 4 hours is quite significant. Maybe management know that is a seller or sellers who wish to get out. If anyone has a direct line with management, it might be worthwhile asking the question.
I agree with Akdjnr. Todays announcement was not a bad announcement, and was not worthy of a sell down . 11 million mkt cap with millions of dollars in the bank does not make much sense to see such aggressive selling..
MTM Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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