HXG 0.00% 1.3¢ hexagon energy materials limited

another 6c down, page-4

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    Nearly fell out of my chair when I saw the cross trade at 6c. Whoever it was clearly wanted out in a hurry and had to lower their ask in order to find a buyer for 1.4 mill shares. I note a few smaller trades at 6c on close look like panic sellers to me who saw the stock was down 25% on the day and jumped out.

    Agree not sure where the buyers come from but at this point. Very little cash and not the time to raise funds at 6c probably means LMB management are hoping a takeover offer is forthcoming from somewhere. As a shareholder I would be happy for that to occur at the right price and be swallowed up by a bigger company.
 
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