It is the shorters who are interested in MNC as recent short selling activity shows:
15/11/2012 Total shares traded: 4,878,200
15/11/2012 Gross shares sold short: 1,358,285
16/11/2012 Total shares traded: 2,564,200
16/11/2012 Gross shares sold short: 451,697
21/11/2012 Total shares traded: 1,758,900
21/11/2012 Gross shares sold short: 286,300
Much higher short volumes than usual.
Similar thing happened about a year ago:
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1606319&msgno=7431224#7431224
I guess someone is speculating on a capital raising again. This time management have been clear they do not plan to go to capital markets for funds (despite attending a number of conferences).
The shorters have managed to have the share price drop by 17.8% and I believe they are now trying to cover at between 5.8 and 6.0c
Well, I added 100,000 shares at 6.1c on Tuesday as this company is certainly worth more than the share price would make you believe.
Alejandro
----------------
DYOR, This is not investment advice
STO, BDR, HCH, MNC
It is the shorters who are interested in MNC as recent short...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.719M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 457972 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1358874 | 6 |
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