Yes SuperT ...the volumes in the past few days and the strong bounce upwards in the share price, inspite of the single marginal seller of 50million shares, looks good for the cleansing of this troublemaker.
Volumes:
7/7 = 10 million shares
8/7 = 54 million (shares bottomed in a 2.2 spike down)
9/7 = 25 million
10/7 = 19 million (shares up at 1.5)
So the volumes are settling down now ...which tells me that the troublemaker has sold out pretty much so he can keep dear ol' ANZ from selling him up.
Some new fresh blood buyers have bought in too, with nice big purchased parcels of 5 million share allotments. I see one today towards the afternoon bell of 3 million shares.
There seems to be a solid bow wave of buyers building up SuperT. Have you noticed that?
This whole incident, which at first looked bad ...has actually been very good ...in drawing new investors to take a serious research look at IMP.
What they have seen has obviously excited many of them to buy big-block parcels of shares. So, these people are not small time investors, by any means.
Marcellus announcement/Well 6 positive announcement/BMX sale and injection of $14mil in cash announcement ...are all coming our way during the next few days ...so i would expect the buying to continue and the panic sellers to wake up and calm down ...and perhaps withdrawing their sales pegs to higher values.
Waddyoureckon?
Yes SuperT ...the volumes in the past few days and the strong...
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