MNE 5.26% 3.6¢ metallum limited

Sorry about that last empty post.... I meant to post this: --...

  1. 7,917 Posts.
    lightbulb Created with Sketch. 512
    Sorry about that last empty post....

    I meant to post this:

    --
    The seller of the 4.5mn followed an inept divestment strategy.

    Putting the whole block in sell depth was just inviting others to come ahead of him in the sell queue.

    It should have been broken into smaller chunks and off-loaded over several days that way an average price of around 2.2c should have been possible.

    As it is he got 2c and Christmas came early for some lucky buyers.

    Anyway the sell depth looks much nicer now so I would expect it to trend upwards from here as we approach the timing for more news.

    EB
 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.