Hope so cos the way the dow is dropping due to trumps war games...

First 112 Last

Share
Profile

Follow
Trueblue2017

191 Posts.

3

23/03/18

21:04

Post #: 31991002
Share

Originally posted by Roosterman2000 ↑

The more I think about how trading went today and yesterday gives me the impression that this is big news. There was a $175K trade this morning and a 1M order at 0.235 this afternoon plus many more huge orders. I can't remember ever seeing constant buy orders of this high value. This at a time where there was a very unreceptive CR announcement where everyone thought the SP would retrace and then a massive decline on the DOW and the rest of the market was a sea of red. And the volumes were huge as well.

Maybe there are people in the know in China. Something outside of ASIC and ASX jurisdiction. I would suspect many of these huge orders are from large chinese investors. I doubt very much the big orders are from daytraders. Aussie traders are too fickle in following the DOW. Chinese investors have the balls. It was a huge mop up before a big announcement.

If it was just to clarify that they are well under way with preparing the CFDA application then why would they need to halt trading of shares for 1.5 days? They could just have the GM, pass the vote and then announce they will be submitting documents on XX-APR-2018 and expect approval within 4-6 months. This is what the market already believes so it would not be a big deal. Then the appointment of Falzon to work solely on the finance of the company just shows the expansion of the company. Why straight after a trading halt? Again why not after the GM?

But these huge trades at a time where two days of non-positive news and then a trading halt. It just sounds like something big to me. I have said all along that there will be some massive announcements after the GM and formal acquisition of GK and I believe this is the first of a few game changing announcements.

GLTAH

Expand

Hope so cos the way the dow is dropping due to trumps war games is very dangerous

JAT Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What's causing the cost-of-living crisis, and how to navigate it

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

TLG

Talga Group wins key permit for flagship graphite mine in Sweden