JR,
Very good chance the selling is ML, and probably has been for some time...remember the recent p&d's, at least three of them.
In the Q2 2010 report, ML were in the top 20 holding 30.579M.
In the Q3 2010 report, ML were in the top 20 holding 7.431M.
On 7th October they converted another 2 tranches which gave them another 26.892M shares.
In the recent Q4 2010 report, ML didn't even appear in the top 20 (unless they have moved their holding into another holding/custody co...doubtful). So the p&d's could well have been them.
Friday they got another 12.997M, and could convert another tranche anytime.
The good things about this are that the debt just went down to US$8m, the AUD is a little above parity, and as you say, ML are providing a fabulous buying opportunity 10 to 16 wks out from the Gindara drill.
buy depth disappearing, page-7
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
86.8¢ |
Change
0.015(1.76%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 86.8¢ | 85.3¢ | $58.66K | 68.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10189 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
View Market Depth
| Last trade - 14.40pm 14/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |