Who would be selling now, and, especially, at .013??? That's the key. You wouldn't reckon that LT holders would be?? Or, the vast majority of those that took up the Entitlement and the over subcscription?? Would they, and, at a loss??? Around 320 million have been issued by those two CRs since February. Since taht first issue, nearly 400 million shares have been turned over. Yep, for mine, the only logical sellers are those that got involved in the Placement and the dissenting voters at the EGM. That's 80 million, and, say, another 100 million, 130 million would be my guess. So, who's selling the erst, The SP has hardly changed, so, not much would be being made with trading pips?? Or would there?? So, I'm close to believing that most, if not all, the "logical" selling has been exhausted. The rest, playing games??? Very happy buyer at these prices. That overhang is not overhanging my thoughts any more.
UNT Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
