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2.5¢ axiom mining limited

The share price went up Monday. More people wanted to buy than...

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Awoonga

6,689 Posts.

226

23/03/16

15:12

Post #: 17347491
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Originally posted by jazzmox ↑

It's common practice to put a company into TH before market opens when a price sensitive announcement is due on the same day. Especially when this was flagged on HC on Friday and there was buying on Friday
But AVQ was even trading when the court was in session, i.e. when the price sensitive information was discussed.
AVQ had all weekend to come up with a plan for Monday. Someone on $1m a year can surely plan ahead a few days

The usual people with blinkers on cannot see fault in this. But its quite obvious. Nearly 2 million shares changed hands during those 1.5 hours. Someone was selling.

Doesn't look good. Only someone so pro AVQ that they have gone blind would think that was a good move by RM

But as I said, those that sold will be thanking RM and laughing all the way to the bank. Let's just hope they did not get a heads up to sell and a window was left open for mates to get out

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The share price went up Monday. More people wanted to buy than sell.

I don't think that for one minute AVQ thought that the appeal would be upheld.
I believe they were thinking along the lines of appeal dismissed and then update market.

In hindsight the TH should have been made before the open.

AVQ Price at posting: 38.0¢ Sentiment: Hold Disclosure: Held
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