The bitchin is stitchin the kitchen on the gold price ditchin but rambo is diein to buyin the flyin TRYin!
hey @8horse, you got some broker data for TRY last 2 days pleeeaase!
It looks to be one seller who had ~20M shares, so only 3 of them listed - RIM Ruffer Eduardo.
The solo seller has slowly offloaded 8M last 2 days, 6M last week & 4M week before in Eduardos sub holder notice, now he is under 5% he doesnt need to give any notice. Eduardos major play AGD is collapsing in a heap with low volume lack of interest, now at multi year & annual lows. Eduardo needs cash to keep AGD alive. Looks like some INSTO and gold value hunters are buying all of his sells easily.
Without Eduardos sells TRY should be at 23c right now easily 17-20-23
There has been over 40M shares bought between 12.5c-17.5c on this runup thus far. Clearly buying interest is strong in TRY at these cheap levels. The Australian led Board needs new holders to consolidate its control of TRY and keep RIM out. Looks a planned move.
Once Eduardo is gone, which looks soon as he looks to be the only seller and he must be down to 4M shares now (22M shares-4-6-8), then,
TRY will FLY.
TRY Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
