PRX 0.00% 0.2¢ prodigy gold nl

Team ABU,ASX guidelines require substantial holders (those with...

  1. 672 Posts.
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    Team ABU,

    ASX guidelines require substantial holders (those with +5%) to disclose if they increase holding by over 1% or if they cease to be a substantial shareholder. To date there has been none of these announcements made and given my understanding Craton are certainly not a seller.

    Its good to be thorough but try not to jump at shadows. No large holder is selling this - its the myriad of smaller/nervous trader types who need liquidity and panic as soon as a stock becomes under pressure regardless of the fundamentals.

    The herd can be a powerful force until leadership steps forward. In this case that will be a size buyer and we cant be far off that point in my opinion.

    Pete
 
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