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On 16 & 17 Jan 19, the company sold their treasury shares of 20 & 10 millions in the open market at about 0.40 per share; to avoid the 5% reporting threshold. The share price for many years had been supported by the directors & company share buyback. Likely the syndicate will continue to goreng this stock with " infrastructure theme play", the immediate resistance is 0.50 coincidence with 5 year's high! Hopefully this theme will continue to play & the price will ^^^
Earlier the 2 days' volume of 1b plus had been well absorbed & look like the current price has the strength to push further up with lesser volume as the buyers were happy with lower entry price !
This was what happened with glcs, just see yourself who are those ppl? If we still don't select the capable and reliable ppl based on meritocracy, as directors for many of our glcs, then don't expect wonder!
