Looks like it’s only retail buyers and that makes sense as the Fundees could never buy enough to satisfy portfolio balance at current price and volume. I have however mates who could and do buy a half $m worth of stock without a second glance and possible several investors are accumulating on the back of a high chance that future news will be positive. Especially MEG There are only 121m shares on issue and pretty sure David Burton holds 55.3% of them. When I think about it a shareholder such as my friends could have bought 1% of the company over a few days for $820,000 at $.685 average. Only 54 others could possibly emulate such an investment in the company. Obviously that’s not likely though amplifies the lack of shares available and valuation as compared to potential. Hopefully that suggests good news on MEG and or another Somfit deal that is locked in could really kick the price along. On the other hand if no news the market will probably drift back slowly but surely. The positive is we can at least expect something on MEG before too long my thoughts only GlTASH
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CMP Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
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