MLS 4.00% 2.4¢ metals australia ltd

re: bit of a shake going on Sunny,IMO MLS is being accumulated,...

  1. 1,674 Posts.
    re: bit of a shake going on Sunny,

    IMO MLS is being accumulated, every now and then when a share is being accumulated the accumulator will have a dumping session, which often has the affect of scaring out weak holders, allowing them to buy back what they have just sold at a cheaper price.

    If they are trying to take a large stakem say 40m odd shares, there is no way they can do it by just straight buying, they have to create a churn, even it it means selling their own shares along the way.

    Just my view.

    regards
 
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2.5¢ 2.5¢ 2.4¢ $21.24K 855.1K

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10 1043036 2.4¢
 

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2.5¢ 87538 1
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