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ANL Anaconda Nickel

MP Global has been instructed to dispose of 411,051,769 shares they acquired in their battle seeking control of Anaconda.

These shares are invested with ASIC that have the responsibility to dispose of them by the end of this financial year with the proceeds given back to MP Global.

Calls for expression of interests from Stock Brokers closed on the 20th May. The process of appointing a Broker is expected to be finalized by early next week.

It is expected these shares will be book sold at an agreed price. Any shares not sold will come on market with a minimum price of 6c.

Charting:
Accumulation has been occurring for a period with the 30/50 day moving average leveling out. The Mac-d is now above the zero line while the Stochastic is showing momentum as strong. The overall Indicators are looking good. Forming a wedge.

Buyer depth has been looking good for some time, although a seller still persists.

Price of Nickel closing higher.



In the real estate world there is a saying, “You make the profits on the day you buy”