HRR 0.00% 10.0¢ heron resources limited

selling pressure today

  1. 926 Posts.
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    On the flipside, if this is the end of recent selling by a large holder or fundie ( and there can be many reasons for selling) then perhaps that is the last of the pressure and we might see the price push higher from now.
    I re-iterate that BHP paid $1.15 for 20 million only recently so if BHP wants it then I want it too !
    BHP might want it for the longer term control of the largest nickel ground around central WA or for the immediate requirement for nickel ore for its own plants and Ravensthorpe. Vale(CVRD)is progressing very well with its work on the KNP and this is accelerating so there is no sinister reason for today's sell down. Like previous comments it seems as if it is a large holding being unwound.
    Remember that Vale is 14% and BHP is 16%
    R
 
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