Come on get real. Look at typical CHI X LYC volume today's Volume was 1000X that amount. This was MT K selling 333M shares obtained a few days ago in a prearranged sale. My thought is the sale was arranged at 12.5C giving mT K a 25% Profit. and the unknown buyer a good chance at a profit.
Does anybody believe that even 33 M shares could be sold on open CHI X market in one day without driving the price through the floor. I expect an announcement Monday from ANN . We will see
Remember all private sales have to be reported to an exchange and the exchange has report those . Usually all on same day but there are exceptions.
Last time sale was on ASX. My guess CHI X offered a very low price to do this , to get the business.
Buy Friday sell Monday ?, page-16
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Last
$6.88 |
Change
-0.040(0.58%) |
Mkt cap ! $6.430B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $7.05 | $6.83 | $13.27M | 1.918M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 966 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 18661 | 4 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |