ACS has had some very interesting developments of late1. Around...

ACS has had some very interesting developments of late

1. Around 10M has gone thorught the last 3 days at 16c-16.5c avg, most of these looked like pre-organised trades, ie a few large 1M-3M sells go up at 16.5c and are promptly taken out by a buyer

2. Richard Oh resigns from the company (thank god he was really dragging his feet) and now we get a chap who is head of Ascot Securities who were the brokers behind the cap raising and who from what I gather got the Chinese Steel Mill on board

Could be a corporate play at hand, whatever it is will be interesting to see how it plays out, 15c looks like its a breakout point chart wise with next target of 20c