yeehar - go marsden 1, page-21

nbbirch (all guesses) -

1) I think it is placement shares (read my other thread posted today), or

2) Beach or someone wanting take over not wanting sp to go high,

3) and another plausible - some people might just be exiting becuase sp had fallen down a lot and they may have set a target I will be out by this sp)

4) bell wanting to keep it low, because shareholder approval is requird for 12.2m -
In March, Strike announced a $20 million placement to sophisticated and institutional investors. Demand for the placement was very strong and the company is pleased to welcome a number of leading institutional investors as new shareholders. The first tranche of the placement (approximately $7.8 million) was within Strike’s 15% placement capacity permitted by the Corporations Law and has been completed. The second tranche (approximately $12.2 million) is subject to shareholder approval to be sought at an Extraordinary General Meeting to be held in Perth on Monday, 30 April.


-dc1234