Geezer Posted May 15, 2009 Share Posted May 15, 2009 3,4c hit.... exploding! 4c min today... comeon!!!!!!!!! Link to comment Share on other sites More sharing options...
Krumbs Posted May 15, 2009 Share Posted May 15, 2009 Chinese don't normally work that way Geezer. Got me stumped anyway. But hot money does if it gets a sniff of something!! Link to comment Share on other sites More sharing options...
bello Posted May 15, 2009 Share Posted May 15, 2009 Someone at another site reckons PDN had declared it was was looking for takeover targets . When a stock trades 300 million shares in half a month (half the scrip) it isn't traders - it's corporate and whoever it is is out to beat the traders for for the free carry . IVA, Xstrata, EXS, CDU or PDN ? Link to comment Share on other sites More sharing options...
Krumbs Posted May 15, 2009 Share Posted May 15, 2009 I think you are right. I hadn't realised the volume was quite so high, so it's likely to be corporate. Even corporates have their price limits. At 4 cents they are saying it's worth over $20M. Someone has lost their head! Also GCR is up over 20% this morning for ~$18M. What's going on? And I missed both Link to comment Share on other sites More sharing options...
bello Posted May 15, 2009 Share Posted May 15, 2009 'They' come in buying waves and then pause as they let the traders re stock the lines above . I think a substantial holder notice or an offer will be pretty soon . Link to comment Share on other sites More sharing options...
Krumbs Posted May 15, 2009 Share Posted May 15, 2009 I can't watch it - I'm at work today, so must not kid myself about day trading, lol. Link to comment Share on other sites More sharing options...
fraz2 Posted May 15, 2009 Share Posted May 15, 2009 If it is only one raider they would have more than 20% at what point do they have to announce their intentions? Link to comment Share on other sites More sharing options...
liver Posted May 15, 2009 Share Posted May 15, 2009 maybe they were already the largest share holder....so is an announcement required. Link to comment Share on other sites More sharing options...
bello Posted May 15, 2009 Share Posted May 15, 2009 It is for the reason that 'they' must announce after accumulating so many that I believe they will announce their intentions soon . If a sub holder notice is given first traders will add another 30-40% on immediately - defeats the purpose if the purpose is discount takeover raid . If they want the best price possible then a blocking stake is grabbed quickly then announce the intention / offer . Link to comment Share on other sites More sharing options...
blueice Posted May 15, 2009 Share Posted May 15, 2009 So any one know where the next 100 bagger is???????????????? Link to comment Share on other sites More sharing options...
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