Repost12 Mar 2021 16:55
Thought I'd repost what I said first thing this morning.
No RNS and I agree I don't really see how the drill could have yielded anything so quickly (but I might be wrong on that)
This would have to be the biggest speculative ramp I've seen, even for 88E...or something else like a corporate action
Hope we find out more concrete reasoning soon and that it's positive.
I'm not one for silly phrases but in this circumstance....'I wouldn't want to be out of this for the weekend'
GLA
So Australia turned over c.7% of all shares in issue, 37% up indicating accumulation as opposed sell down....why?
- It could just be short term FOMO speculation and we have seen that a number of times before....
- It could be the clearing of the last CR over hang...
- Some over expression of positivity of the states' kick back (legal challenge) to Biden's plans for Federal land
- At that sort of volume in a single day with no 'news' There is something else that could possibly be at play...
I'm sure this comment will spark comments from both poles but its possible there could be some form of corporate action in the back ground.
I'm sure a number of investors look at the scale of the asset land, the prospects and data we have and think the share price doesn't fully reflect this. Its possible other companies share that view.... I've thought since the whole Charlie-1/PMO anticlimax last year that we were a takeover target, potentially hostile.
I guess will see through disclosure if there is a 'material' accumulation over the coming days.
And before everyone jumps in, I'm not categorically saying I think this, I'm saying its a possibility not to be overlooked.