Nothing new is good, if not great, news in this climate... should put OCA close to the $1 mark (at least - and even then it would still be a discount to NTA, sum others in the sector are back to trading well above NTA)
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I agree, tj, it's a case of no news is good news - but I wouldn't go so far as to hazard a guess on the shareprice, given the current state of the world.
Seems alot are locking in profits and why not.Not sure about the numbers that were sold during the sell down but we should see a rise to NTA when there done and it will happen quickly imho
I'm not sure what you mean by a rise to NTA when they're done, but certainly someone has been selling down in large numbers for the last 2 weeks or so, bringing the share price down about 15% in the process...hopefully we've found the floor, as I'm just about over averaging down!
Yep. Looks like they are keen to keep feeding them in at the 73-74c range...it just edged into 72 the other day, but not for long. They'll probably dump a bunch into that nice bed of support at 73 later this arvo, after the 74c buyers have all dried up...and there seem to be plenty of those off the back of this morning's presentation.
Just like all that ‘rinse and washing’ or whatever it was described as when they share price hung around 105 after that previous Macca dump
History repeating ...no doubt same players and they’ve got heaps more to play with this time.