Seems Michael Kiernan's son james has been off-loading shares...
Explains the large seller..I wonder what dad will think?
Seems sensible to lock in profits, but one must question the timing thereof.
The quetion we might wish to ask however is...was dad and his supporters aware of his son's intentions prior, and able to incorporate it into the overall "planning" here...or was this from left field...lol...I suspect it might have been the former?
Could well be a distribution to "mates", which would explain the significant interest from larger buyers.
Hard to guess the market's response her...either a sell-off due to "bad vibrations"...or a buy up, due to the notice being some kind of "signal" that selling has ended.
Looked very much like the bottom of the retrace until just prior to the close, when a couple of apparently sell-at-all-cost orders cleaned out the last of the support.
I would not be surprised to learn he only had until today to offload?
Anyway...will be watching closely tomorrow for an indication of how the market reads this?
Cheers!
GWE
great western exploration limited
Seems Michael Kiernan's son james has been off-loading...
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