Today we have seen a volume of 363,342 shares traded. Of these 160,719 traded @17.5c The average price for today =16.83c
BUT who ever it is still managed to drop the price from hi of 18c to CLOSE at 16C. The sellers are not keen to part with NTU shares.I'm not surprised. imo,it is an obvious traders' game.
The closing price seems to have a strong purpose for the "Big boy"
That lead to the question ,Why has this "control" been going on for so long ?
FACTS, CY owns LYNAS shares Lynas owns NTU shares
Imo ,Lynas needs to raise money.
Currently NTU sp closed @16c, while LYC closed @ 24.5c
Can anyone see what i see? is it possible that we see NTU or LYC shares exchanged ? If so, how would the deal be done ?
Comon Fellows put your thinking hats on and lets work the motive behind the control. Any speculation is welcomed.
Happy to cont to hold my NTU shares same as many other investors.
NTU Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)