Well i see they posted a substantial while i typed this post.
They sold a total of 6.7m in the new notice, and there was 83.5m traded in that period, this is only 8.03% of the traded volume for this period. There has been some more aggressive selling/volume days in the days after they reported on the 23rd, however, lets work with what we know.
Looking at this, i'd suspect that the estimate of 50m shares remaining is wrong and that number will be higher. Maybe they will remain with around 55m shares once the rebalance is done? So around 14m left to sell? Guess we have to wait and see.
Well i see they posted a substantial while i typed this post....
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Last
$2.00 |
Change
-0.080(3.85%) |
Mkt cap ! $2.285B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.04 | $1.99 | $6.032M | 3.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85429 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 9901 | 1 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$2.01 |
Change
-0.080 ( 3.80 %) |
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| Open | High | Low | Volume | ||
| $2.02 | $2.03 | $1.99 | 776162 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| RMS (ASX) Chart |