MEL
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0.00% 0.5¢ metgasco ltd

One of the large shareholders doesn't want the share price to go...

  1. ggwill
    2,786 Posts.
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    24/01/23
    11:20
    Post #: 65848601
    One of the large shareholders doesn't want the share price to go up. Previously, they had an offer of 15 million shares at an unrealistically high price. Now they have three separate parcels. Two potential reason IMO: they want to buy cheap on market or they want to get cheap placement shares rolleyes.png

    https://hotcopper.com.au/data/attachments/4993/4993660-512ab755a467ca6e11480e9c0f1b24eb.jpg
    MEL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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