Share
3,536 Posts.
lightbulb Created with Sketch. 937
clock Created with Sketch.
16/09/20
13:32
Share
Originally posted by hotcongo:
↑
OK, what's going on with MEP? MEP's chart used to follow ADN's chart shape reasonably closely....until about two weeks ago. here are the closing prices for MEP and ADN between 4 Sep and 16 sep: 4/9 .05. .049 7/9. .05 .052 8/9. .05 .059 9/9. .05 .060 10/9 .05. .067 11/9 .053 .071 12/9 .048 .077 13/9. .057 .097 and current share price 16/9. .055 .099 .... so in 8 trading days, MEP has gone up 10% and ADN has gone up 101% !!! that does not make any sense! also, since two days ago, the volume has been huge! something is up...I wonder what is happening? Is Sprott or another major holder dumping the lot for whatever price they can get? broker info would be rather helpful here...
Expand
Sprott buy and sell regularly, so, yes, they might be at work here...however...they haven'y changed their s/holding by more than 1% - ie about 4.5m shares - or it would have triggered a Form 604 to the ASX.
Last edited by
bottle :
16/09/20