MMX murchison metals ltd

valuation without the emotion, page-7

  1. 340 Posts.
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    If you take a look at PK's personal trading activity, he held around 1% of MMX's stock in mid 2010. His personal holdings jumped to 5% when the SP hovered around $1.20-$1.

    Considering the degree of influence PK had over the company as executive chairman, and now as a non-executive director, read into it what you will.

    Maybe PK is just really confident about MMX and thought that $1.20-$1 was a bargain? Or maybe he deliberately pushed the SP down so he could mop up?

    Conspiracy theory time! Put on your tinfoil hats people! Who knows maybe PK hired Andrew Burrell from the Australian to downramp his own company so as to increase his holdings? Wouldn't put it beyond him to tell you the truth.
 
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