If you haven't already noticed, there's an "ELEPHANT" in the room !!
Word is that a large muti-million, Offshore buy order has been placed to aquire a substantial position over the coming weeks.He has already purchased nearly 4mil shares between 23c and 24c,with only a fraction filled.
Since the delisting of AIM shares on 11.3.09 and Resolution 2 being withrawn at the AGM,the demand for "on market" shares has exploded.
The Broker will slowly sweep the market up to get the order filled with all the tricks in the book to avoid rushing the price,including,sml 500k bids and 10k lures,order pulls etc.
Because of the time difference, the "Euro Elephant" will do his order ammendments overnight,and hopes to get filled by frustrated stale bulls looking for a quick buck, while he sleeps.
Would be interesting to see what happens if all the sell orders where adjusted and stacked @ 30c !
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keen buyer wants your shares
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