You may be correct @cherryburn, shorters have covered and returned almost 60 odd million of shares since the offer was made which would constitute nearly half the volume of stock traded in the intervening period. Notwithstanding that can only assume Zhaojin have accumulated more than a couple of million in volume of stock.
I really am sceptical of their intention here. If they were using the offer as a cloak and dagger method to offload their stock, they would have to announce a change in substantial holding surely?
As I write, price of gold edges towards usd $2,030/ounce....
- Forums
- ASX - By Stock
- TIE
- Ann: Record Monthly Production at Abujar Gold Project
Ann: Record Monthly Production at Abujar Gold Project, page-67
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TIE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online