Efficient market hypothesis my back side. Its shares like DRA, which prove that EMH is a complete joke. Either someone knows something we all don't or someone is messing with us and selling down to buy back later.
Personally I think management may be waiting until Eurogold have their stake up to 19.9%, then they will commence the share buyback. This will help them creep up the share register without the creeping provisions restrictions of 3% per annum.
IMO I will probably buy more once we get the notice that Eurogold have hit 19.9%. Intuitively it would seem that this would be a signal that there will be less buyers in the market, but I believe that this will be the point were DRA management step in to become the buyer.
To get Eurogold to 19.9%, they only need approximately 779,000 more shares on top of their holdings as at 27/1/11.
This is all just a theory of mine and only time will tell if I?m right or not.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1 | $2.00 |
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Price($) | Vol. | No. |
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1 | 556 | 1.800 |
1 | 320 | 1.600 |
1 | 4500 | 1.520 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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2.200 | 16 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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