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70.0¢ mallee resources limited

who ever is driving this down is doing so to manipulate the SP...

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stockpicker0907

111 Posts.

22

26/11/19

16:40

Post #: 41642428
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Originally posted by Xerof: ↑

The dynamics of the free options is the driver of this downtrend. We've been rabbiting on about it for months. I would say, based on the very overt bids for MYLO at 0.4c, the heads might bottom out at 3.5/3.4c. There are still a very large number of options still to be converted.

Stockpicker, MYL are simply expressing ambivalence over the outcome for MYLO's, but they remain totally powerless to have any influence over the desires of the holders of the options to convert or not/to sell heads to pay up or not. ASIC would roll about laughing like drains over any complaints lodged IMO

I'm checking the back of the couch for mid December opportunities

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who ever is driving this down is doing so to manipulate the SP and pick up cheap options and heads. I just hope someone with deep pockets catches them with their pants down and they have to pay a premium to get back in. management however know exactly what's going on and are doing nothing

MYL Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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