Fund managers aren't anywhere near this stock. This selling is by retail shareholders who, as you say, bought in at $0.50 but are now selling in panic... and after instructions to do so by Alan Jones.
How that bloke is able to get away with providing vitriolic financial advice without prosecution or even a slap on the wrist is beyond me.
By the way, over 10% by ERM; over 10% by LNG; near 10% by management and presumably another roughly 10% by us lot means that any prospective takeover would be very very difficult to achieve.
MEL Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
