however think into it more and perhaps that buyer or buyers where the underwritters? or brokers controlling interests of larger holders?
these guys selling for small profits each day is freeing up cash to cover their commitments under the rights issue. They get away with it because the market is waiting for the rights to close and/or a company ann regarding production.
thats my thoughts on the matter anyway.
cheers Davo
AXM Price at posting:
16.6¢ Sentiment: Buy Disclosure: Held
