50 million shares traded at 0.005 , which was more than the size of the bid after I said it would get dumped on. Fortunately buying turned up to keep the market bid there.
I also said the overhang from bells (the underwriters) was gone. Bigger picture I remain distressed by the lack of detail from management on what revenues are coming in, but entranced by what Macquarie bank is involved in here.
I know macquarie wants to become big in the commodity space in the USA (fact). I know they are buying smartly as todays announcement from dominion confirms. At these price levels there is plenty on the table for us equity holders before it gets flipped to the US market by Macquarie.
IMP Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
