NTU 5.00% 2.1¢ northern minerals limited

i am in, page-15

  1. 178 Posts.
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    The way I see that "BIG" sell order is ;

    If I were an insto and needed to make that kind of sale I would do it on a day like yesterday when people are "buying up"

    Seems to me if they were serious about selling they would have done so - no doubt about that. I see 2 options;

    1. Needed to position themselves for a sell odder because they know something is up and 62 c seems like a fair price to expect the whole lot to be taken up in one hit. - possibly in the know of some announcement pending.

    2. Needed to shake the tree as has been pointed out - when it gets to that price they have bought many more at lower prices - so they can withdraw or sell at a tidy profit. Traditional "selling short"

    Anyway that's my take on it - need to remember why we love this stock. Reasons still the same and many more "bigger" players feel the same.

    Crazy Ron
 
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