Good Morning
@Cash-Flow,
I must admit I was very curious in seeing Bell Potter trading activity leading up to Monday's halt and I'm not sure if you followed that there was a bit of dump last week Thursday.
Why did I ever doubt it was none other than our friends at Argonauts!
Last week Friday didn't seem overly suspicious either and I don't believe there was insider trading by Bell Potter.
There was a little retail Commonwealth selling but who knows. I'm not naive to say that it would have been completely tight but nothing overly serious in my honest opinion.
Hi
@Pokerface,
That was a cheeky dig said with a Pokerface I hope!
I agree brakes should be released now in theory.
Hi
@kev1012,
Unfortunately we live in a world whereby there needs to be a win-win situation for all.
In other words everyone has their own agendas!
If the results were amazing and share price went up would Bell Potter and Cygnet Capital offer a premium to the current 10c raise and that much?
I'm sure AB and other board members jumped at the chance with the amount Bell Potter and Cygnet Capital were offering.
Similarly Bell Potter and Cygnet Capital are saying "you beauty" because there will be a consistent flow of news now until end of year and either they can sell for their pips or ride the magic carpet ride to 20c+ by years end.
Realistically I'm sure we'd all take 20-25c by years end - that would be around north of $200M Market Cap with a good launch pad set for next year with feasibility studies and any Merger & Acquisition activity.
Hi
@Kamprad7,
I tend to agree with you also.
There is no real reason to sell Big Springs in the short term so let's get the approvals and poke a few holes and in particular see if any sort of Antimony is found there.
If there is any sort of whiff then you can bet your dollar that those good folks from the U S of A and even Canada will be buying in and more importantly we will be adding more value to Big Springs.
When the time comes we can get better terms.
Business is simple!
Regards,
HM
(20min delay)