...hard to cap unless you hold mega and also you tak massive chance of selling when market expectation is for sp to go north, and in a hurry...and real soon.
Perhaps someone is guessing deal to be valued at around 10c per share for initial investment and therefore expects sp to drop upon announcement which will give them the opportunity to buy back at a much lower sp than currently exists....very dangerous strategy unless they really do know...and I would very much not believe that as this deal is just so unknown after so many weeks/months of negotiation....management team have done such a great job on keeping this deal between themselves.
I tend to think some longer term holders are perhaps just getting a little anxious and off loading a small percentage of their holding for some well earned profits after all these years...remember many of these holders may have missed out on cashing in during the BHP happenings (20c+) some 5 years ago now.
Just some thoughts for consideration.
As for me, I'm not selling for a long time yet.
JAWSY:)
APG Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
