GGP 0.00% 0.6¢ golden gate petroleum ltd

There was a change in substantial holding notice filed today,...

  1. 22 Posts.
    There was a change in substantial holding notice filed today, which showed that Eastern Advisors had sold about 10m of their 50m holding. If they are selling out, then there could be a fair bit of selling pressure still to come.

    One the other hand, someone was buying on Tuesday - so it is possible that there will be a new substantial holder and, possibly, their buying has not finished.

    It will be interesting to see if there are any takeover plays made in the coming months (presumably once the flow rate from J2 has settled down and been confirmed).

 
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