RE:RE:Morgan Stanley Buying: What Could It Mean?jim96 wrote: I think it's just a client of Morgan Stanley, not Morgan Stanley itself. But it's good sign anyway.
I agree that it probably is only a single client from Morgan Stanley. The volume is way too low for institutional buying. The good news is that the lack of sellers can make the share price pop even more significantly if major institutions finally start buying.
The new ounces at Argyle and Stog’er could bring between 60 and 90 M$ in the next three years, so there is no need for a private placement any time soon. The only way for an institution to build a good position will be to buy on the market.
In the last two weeks, the resources annouced represent at least 35 to 50 cents per share, almost ready to be mined. As DDD’s calculations showed us, we are VERY undervalued right now.