AWE 0.00% 94.0¢ awe limited

its been a long time, page-6

  1. 2,167 Posts.
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    I don't hold at present. However, it does look very cheap. I bought in at these prices a couple of years ago and sold around $3.50. Missed out on the lift to $4+,

    While it does look cheap at present the downward selling pressure seemed relentless. There seemed to be a big imbalance between the buying side and the selling side. It has made me wonder if there maybe some new holders of AWE shares from the recent AWE/ARQ merger that maybe offloading their holding. I think I read in the merger document (Section 2.6? maybe) were certain foreign holders of ARQ shares were to have their shares issued to a nominee who would then sell those shares on market and forward them the cash from these sales within 28 days of the merger approval. Maybe these are accounting for the higher than usual selling pressure.

    If you can buy and hold for 12 months you should get a nice return.

    Regards

    SP

 
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