PAN 0.00% 3.5¢ panoramic resources limited

My view:This mornings 30m. trade was shown as cross-trade S3 XT,...

  1. 354 Posts.
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    My view:
    This mornings 30m. trade was shown as cross-trade S3 XT, not sure what that stands-for?
    Most likely end of year tidy-up. It's not a short position cover as only about 6.3m. shares short 0.31%.
    Don't think its IGO as the creep provisions of a company owning 20% or more don't allow a transaction of this type.
    If it was IGO they would have to bid for the whole company.
    BHP? no don't think its them either, they would more likely go for IGO.
    Just my thoughts awaiting the new year bounce, after all year-end tax selling.

    cheers, xanax
 
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