G'day J6...
Always good for sentiment. It's about 287,000 lbs. Not about to lift the roof off, but can't hurt sentiment, and they'll logically be a price insensitive buyer, giving way to momentum at the moment. Would be nice.
Sounds like there is a bit of a street fight going on now with personal remarks. I think the price direction is proving itself over argument at the moment - Argument seems not to be required. But sad to see such passionate commentary without skin in the game.
I always take the sane logic that those with the deepest pockets and most skin in the game bring up the best research and insight. The rationale is a simple, not a conceited one. They have to back it with cold hard cash so it requires more than just glancing and relying on a notion and sticking to it (no matter what new information is bought forward). Of course, it requires some patience too.
So it will be interesting to see if this plays out as we expect.
If the share price tanks back down (into the 30's, at peer comparison of some $60m AUD Market Cap...wow?) like one expects, then s/he can fairly be considered masterful. By the same rule however...if price doesn't comply with this expectation, you'd have to call whoopsie.
Cheers
Gav
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