Re: HDR Hardman Resources
Hi everyone,
I look at the chart indicators and I see the MACD doing pretty much nothing, I see the PVI doing pretty much nothing. This tells me no-one seems to have too much of an inside running about what is going on. I see a huge volume spike on the 2nd of December. Everyone will be aware that it was WPL selling its holding to Deutchbank who immediately sold it on. To whom? That is the question.
There is no further notice on the ASX that I can see about a major stockholder increasing their holding or of one becoming a substantial holder.
So, has it been sold to a group of individuals? Has it been listed and sold on an overseas stock exchange?
In my opinion, for what it is worth [not much] if this is not a takeover bid, then it would be to the new owners' benefit to see the price rise.
Seeing I am going into flights of fantasy here.....How much do you think they would want to increase their money? Double it?
If the average price was say $1.80 on the 2/12/05 then their target would probably be $3.60, plus a bit for slippage?
Let's see if the price starts to rise on lowish volumes for a while....
It's grand having a good imagination, it can keep you amused for hours. One just has to learn to be careful of it. Otherwise it can run away with you.
....and a chart..