GS now holds/controls nearly 40m shares in DYL.
The ASX has strict rules regarding insiders buying, so i doubt she would sell them straight away, she may be able to, im not sure.
What i do know is, any Director selling & not taking up there full entitlement would go against the company as Dr Pretorius stated they all would.
GS now has an entitlement to around 5m shares @ 50c, so she will need to stump up some serious coin in July.
I'd expect her to sell down some shares (around 5m) after the Namibia results are out to fund the entitlement issue ie, net effect = nil.
If the SP hits 70c - i wont begrudge the directors taking a little off the table.
pre open, page-17
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Last
$1.51 |
Change
0.020(1.34%) |
Mkt cap ! $1.463B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.48 | $4.778M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17500 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 52678 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |