Mark,
I have to agree that building up a sizeable stake on market would be difficult, maybe even impossible. But to get to say just below the substantial holder level of 5% of the company you would need somewhere around 5-7m shares which might be gained over a month or two at a few hundred thousand a day.
I don't know who has been doing the buying recently but there was an earlier spike of a few million, a drop then this current spike of a few more million. It's possible that someone has now put together a couple of million and is well on the way to building a stake. All purely speculation of course.
One of the reasons that I feel these spikes are not directly a result of insiders buying up on an imminent annoucement of a farmin is that I'm close to being an insider and I can't get anything out of the company - rightly so of course. I have been told simply that the company does not intend to announce anything about the farmin (ie details of who has bid etc) until a deal is signed and delivered. I think that will happen before the end of the year but more likely later rather than sooner. I think that John is out of the country at the moment somewhere in Asia, and has been spotted in Singapore.
About seed capital - are you wanting to talk to someone like Ian Whitchurch who raises the seed capital, or someone like me who provides seed capital? Either way you can contact me by email on badfish at ozemail.com.au and I can get Ian to contact you if you want.
Cheers
Badfish
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $39.96M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.1¢ | $13.74K | 260.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 76040 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.052 |
1 | 100000 | 0.051 |
4 | 1027565 | 0.050 |
4 | 775979 | 0.049 |
4 | 913743 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 76040 | 2 |
0.055 | 99999 | 1 |
0.058 | 172431 | 1 |
0.060 | 110909 | 2 |
0.062 | 112737 | 2 |
Last trade - 11.46am 19/08/2024 (20 minute delay) ? |
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