Bundyrocks Could it be 'window dressing' for the SPP close?
Deep pockets if it is 'window dressing'. $0.5M
An extra 20M NTU to normal trading volumes yesterday and totay - means $0.5M expenditure (20,000,000 x $0.025 (using high)). 15M so far today.
Also unlikely as 'window dressing' as I imagine it would be hard to disguise that level of volume if it were just a few mates repeatedly selling to each other. The orders a generally just a few $K or less.
Could it be Chinese buying on market to maintain their level of interest in the resource?
Or maybe NTU is newly on a recommendation list? Like Fool?
NTU Price at posting:
2.4¢ Sentiment: None Disclosure: Held
