i would like to speculate on at least one of the downward pressures on the share price in the last week or so. weve had 3 appendix 3b since the 27th of last month. one for a mill, one for 3 and a half and the most recent one for nearly 2 mill. obviously my assumptions are dependent on quite a few variables, some known and some unknown, but i will speculate that these people were all chasing the 5 or so pip difference between the ops and heads and have been dumping the shares straight back onto the market.
today weve seen a bit of a parity touched at various times in the day, hopefully this is equalizing out and we can move on. i dont really care either way because im not selling any at the moment. but i do like seeing my portfolio green and not red.
wat you reckon?
RYG Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
