Daleg, I think this parcel is held by a receiver/bank/margin lender etc as already pointed out above. They don't have time for the shaggy dog stories of what may happen. As soon as they get the money they are owed, they simply sell and do the deal.
It's a bit like a mortgagee sale really. The banks don't give a sh1t as long as they get their money back. I am sure that Allco liquidation has been very messy and the banks got screwed.
Hopefully a SSH will emerge and tell the story.
Will be interesting to see how trading goes today. I see the 1M seller at 24 cents has emerged on the screen again. Must be tempting for whoever bought that 10M yesterday.
MXQ Price at posting:
22.5¢ Sentiment: None Disclosure: Held
