Does anyone have the VWAP numbers for late August as I don’t. The lowest close in that time was 4.8c, but from the limited data I have I don’t think the VWAP was below 5c at anytime after the 24th.
I don’t think Arena will be selling anything before the auction unless the SP goes crazy. If what CJ mentioned about them wanting to get more Australian business is true then they will want to show the market here that they are not your typical CN investor (convert and dump). When you combine it with the limited risk for them holding (and the massive upside) I do think we will see them behaving like model investors.
MUS Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
