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2.7¢ goldoz limited

Share Price in leadup to Auction, page-2

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Davisite

18,871 Posts.

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27/09/17

12:05

Post #: 27487047
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Originally posted by ekismal ↑

In the leadup to auction the share price is frustratingly sluggish, all things considered.

I know there has been much speculation on how much the selloff by Arena may be affecting this. I note that there is a steady stream of 200K share parcels being sold off at each price increment. Each time we have another 3B announcement, is this adding more fuel to the fire? If they are selling off say 5 million shares a day, and want to offload 100 million shares by auction, it could take a month. Would offloading 5 million per day have a major effect on the market? Does anyone have further insights into this, and what does it mean for the share price movement in the coming month?

My apologies if you think starting a new thread on the share price is inappropriate, but at the moment discussions on this are peppered amounst other threads

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I really hope it is Arena offloading as it is getting the shares out of lose hands and into long term holders. Every share they sell now is one they can’t sell after the auction.

In regards the SP movement we will see a suppression before the auction and a higher rebound after the auction. This assuming that Arena is selling now and that they would have should shortly after the auction.

MUS Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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