The thing with the Asian investors, it appears they have backed up the placement by on market buying afterwards.
If you have a look at the course of sale, there is no way that any trader would take that sort of risk - totally clearing multiple sell lines with huge volume.
At 12c - 15c, these purchases today were in the order of $200,000 dollars a pop.
That is high risk strategy for your average trader....on a "spec" stock.
This imo this is smart money accumulation.
As for Mt Carbine....it will be the next operational Tungsten mine....you can forget about VML,PDM,QOL etc.
In fact globally, there is just not many new tungsten mines opening......
Hence Roger Tan / Midwest Corp. interest....then trace the connection to Sinosteel.
There is something big though:
Either the consultants findings on Mt Carbine are super!
Or Whumbal is going to return monster grades!
Long and strong for me.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
