MNE 5.26% 3.6¢ metallum limited

immense potential, page-38

  1. 7,917 Posts.
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    There may still be a bit of an overhang from last year's CR at 2.5c with free options attached.

    Some of those holders may only see today that they can sell at a profit of two pips and keep their oppies for nothing. So you may find a few sorely needed sellers early in today's session.

    Imo this is really cool as it gives everyone else a further last chance to mop up some cheap shares.

    The depth will tell you when that overhang has gone and yesterday's depth looked pretty close to onfirming the endgame with regard to the legacy overhang.

    Anyway it all looks pretty good from here in my kitchen, so I will look forward to those early sellers joining the fray and buying back in a few days at a higher SP as we continue onwards and upwards.

    EB



 
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