GWR 2.35% 8.7¢ gwr group limited

anyone know why the huge sell off, page-3

  1. uio
    293 Posts.
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    I'm guessing its because the directors are trying to push a resolution through that has no benefit to minority shareholders and benefits greatly one of the executive directors.

    I would be highly suspicious of the activity today, in such a thinly traded stock, when a sell down occurs triggering stop losses to $1.70 and then suddenly buyers instantly come back on up to $1.90.

    Directors may be accumulating in order to ensure that the resolution is passed. Accumulation now in the face of the negative independent expert's finding and with a pending resource upgrade due in the next quarterly could be profitable for the directors in two different levels - profits from the inside trade plus the longer term benefits of the resolution.
 
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8.7¢
Change
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8.5¢ 8.8¢ 8.5¢ $1.18K 13.82K

Buyers (Bids)

No. Vol. Price($)
2 189695 8.5¢
 

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Price($) Vol. No.
8.7¢ 7600 1
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Last trade - 13.43pm 05/11/2024 (20 minute delay) ?
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