BSR 0.00% 1.3¢ bassari resources limited

Sign of strength

  1. 302 Posts.
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    It may seem a rather perverse logic, but the big sells in the queue reflect strong support for the company. Current big holders are selling to fund a further allotment of the left over entitlement shares...for the free option that comes with it. They therefore believe the share price will hit > 0.034 in the foreseeable future. So whilst on the face of it the sight of big sells could look worrying, I take the opposite view.
    Roll on 2018.
    All IMO of course.
 
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Currently unlisted public company.

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