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clock Created with Sketch. 05/04/18
13:08
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Originally posted by AverageJoe
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From a volume outlier observation, the last week of Jan 2018 is significant. That was just above the 6C swing low. I can't remember when the CR came out but somewhere around that time I suspect. If so then it could be Tooranga buying up big.
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Agree with much of this, only the project stake portion won't be valued on the basis of our market cap- the current SP actually has nothing to do with the project valuation. It'll be based on NPV. You may say 'well why not simply buy that project stake on market'? In theory that would send the SP higher but Taronga has shown the SP can still fall while you take a major stake... so maybe NFC or South32, FMG or whoever should try it...
