GB posted recently that Pattersons had sold 3.2 mil shares. The volumes since then would indicate that it must be in the 4-4.5 mil range by now. GB estimated that the dumper held 4.2- 5.2 mil so whoever it is must be close to out by now.
Lets hope gold continues its rise as a couple of more days volumes like today will surely see the dumper completely out.
If the estimate of 80% of sales from Pattersons is correct sellers will dry up and those wanting in will have to pay up. A couple of hopefully good announcments to follow and we may start seeing somewhere near fair value for MCO.
Congrats to all holders who haven't let current conditions deter them from holding and accumulating.
Cheers Mal
- Forums
- ASX - By Stock
- MCO
- stirring
stirring, page-5
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online