Is it just me or are there a lot of unusual sells that 'appear' when the SP moves up? Take this morning - first trades at 1c, immediately followed by trades at 0.8c. Who sells at 25% lower than the immediately preceding trades??
There's lots of discussion on the DML thread about why it would be good takeover target for the likes of OZL. Given Tritton production is improving, and Straits' market capitalisation is so low at the moment, it does seem like the door is wide open. Perhaps someone is simply waiting until Mt Muro is formally closed or sold?
Straits are in the best position they've been in the last 6 months, yet the SP remains near it's bottom with some odd trades going in. Does Anyone have any other thoughts on why this might be?
Add to My Watchlist
What is My Watchlist?