SDL 0.00% 0.6¢ sundance resources limited

numbers indicates holders holding tight

  1. 10,494 Posts.
    Now when it comes to the several daily reminders that most holders are DYING to get out (never mind the motive): by definition that would mean Hanlong (China), Sundance management, Noble, Blackstone, DE Shaw, instos overseas, proxies as listed n the top 20 holders as well as the majority of retail holders.

    If it is true that most holders are DYING to get out in one piece then there would be a irresistible swell of selling, a massive torrent, an Exodus of blibical proportions.

    Now if we look at the volume of Friday of circa 6 million shares bought and sold (never mind some look quite Mickey mousy) that represents not 50% of the register. Not 40%. Not even 30%. It ain't 20% or 10% or even 5%. In fact, it isn't even 3% or 2%.

    In fact, its not even 1%....wait not even half of 1%.

    Holy moly, it was 0.2 of 1%.

    Its not even a tiny trickle. More like a slow dripping tap with a loose washer.

    How can most holders DYING to get out with a sense of mission and purpose when 99.8% of the shares aren't sold on any given day.

    Now that if you believe those 2 million units seeming pass from one hand to another in a flash (as opposed to being slowly munched away all day long) are fair dinkim.

    Don't buy it despite sounding really scary.

    Good luck to all HOLDers

 
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Currently unlisted public company.

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