MGK 0.00% 0.8¢ mil resources limited

re: Ann: Rogo Investments - Substantial Share... Brad i would...

  1. 2,843 Posts.
    re: Ann: Rogo Investments - Substantial Share... Brad i would take this and the buying by Rogo as a hint that Mil is quietly building something very substantial and they will then be able to farm at very favourable terms to Mil.As stated in the Chairmans letter to shareholders they have had a number of farm in approaches for New Britain.

    Another point of interest is when the huge spike happened a few weeks back, many daytraders got on board and got burnt as it fell back through stop losses and daytraders wanting out hence the sell depth increased.This is the problem with daytraders and the gambling that goes on in the penny stocks.These traders have no idea what they are buying, just in for a couple pips either way.
    Notice Mr Reynolds Rogo did not sell any stock in that spike but increased its holding by 8 million shares the very next day.Very smart trading and i am following the Rogo money trail and grabbed a few this morning.
    Rob
 
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