SDL 0.00% 0.6¢ sundance resources limited

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  1. 12,260 Posts.
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    Bas,

    Hard to say as the price is not being controlled by 'market forces', more like manipulators.

    Surely they can sell it down on significantly more volume to give the impression that all is not well.

    Saw exactly the same thing with CGG when it fell from 18c to 11c on no volume, then a spike to 30 & finally a take over at 50c.

    To fall 1c on 1.8M shares tells volumes. If there was to be a mass exodus due to bad news we would be knocked over inthe mad rush by the bigger boys (DB et al)

    I see your buy at 29c & I wish you luck to get your fill.

    I think they are looking to hit some stop losses & you may be on the money.

    I still hold an amount similar to you (but too scared to trade).. prepared to take the bloody nose if you will.

    I'm watching closely to see if the Sino connection comes into play - They have closed a 2B deal here & obviously have the cash to get in on the ground floor with us, plus Giulio would still have connections & have an intimate understanding of that company (Look what happened with Westpac & St George).

    This will still happen.
 
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