NGY 14.3% 1.6¢ nuenergy gas limited

Ann: Notice of Annual General Meeting/Proxy Form, page-5

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  1. 7,096 Posts.
    lightbulb Created with Sketch. 616
    Todays volume was made up of 135k shares rounded up 24 then the other 542k shares rounded down sold 2 or below, this does not look like accumulation to me as it appears more of a distribution. In saying that the indicators OBV and ACC/DIST are not really giving a picture of either so it is hard to know from one days trading.

    If the board were buying the dips there would be notices, I doubt the board would be deliberately keeping a large position capped, theyd want price going up to increase their wealth and to keep the share holders happy in case they need to raise funds.

    I note it is pretty tightly held 84% by the top 20 you are lucky there not much free float.


 
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