Gordongreggy: MZN taking it to high court: no way. No chance....

Gordongreggy: MZN taking it to high court: no way. No chance. KDR can sue them for business disruption damages.

I think enough has been analyzed about the rationality, common sense, technical sense about this saga. Common sense will prevail. We all share the same view that MZN has no chance to win. We can put to bed this issue.

What I am interested in is: the last 3 trading days there were about 3.7million shares were sold by pip-traders, short-sellers (18.58% yesterday) and silly impatient holders. I have been watching every single trades. On Monday and Tuesday (yesterday) almost all sell-down trades were from Chi-X and today more ASX traders. The thing is: not many were induced into selling. This is the point! total about 3.7mil shares were sold to push down sp, but by only a miserable 1c. What this implies is: it is very very tight supplies.

This means only 1 or 2 big buyers get in and it goes back up easily. Or if a positive news announcement comes out, these silly shorters/pip-traders will wee in their pant trying to cover their short positions.

I am also pondering why almost all selling down yesterday and the day before were from Chi-X. Is it probable that some Chinese entity is manipulating sp down to build a big stake in KDR? And why they would want to build a big stake (maybe under many different accounts to avoid substantial holding report to ASX) if not for a purpose of JV and take-over?

Anyone cares to elaborate on these questions, please do.

Cheers