Current estimates put Algorythmic Trading at getting close to 80% of all trading. Quite scary really & shows how easily markets can be manipulated. Really surprised that the financial regulators worldwide can not see inherent problems in this way of trading. I mean they have banned naked short selling at various stages for very much the same reasons.
On a further note I am wondering if Wah Nams derisory bid of $2.63ish based on today's prices influenced the pull back. Pity we did not come in with a $3 a share bid which would have been about $450 million & nabbed the 18.5 million Port Allocation they have. They have a JORC of just over 1Billion tonnes at 60% & above. Would have also made QR Rail think it was worth building a railway. As there is only about 35% of disgruntled shareholders left that would involve us spending about $160 million ish. I wonder if this would then leave Wah Scam stranded & eventually have to sell to us in a few years in time for the Port Allocation to be available. Apologies on any figures that were out .
Penny for your thoughts ??
AGO Price at posting:
$2.96 Sentiment: LT Buy Disclosure: Held
