They would have had $12+ Million dollars worth between the 2 of them at the 40c peak, and while that was a quick (albeit high volume) spike, even at the mid 30's sitting on millions of profit they didn't cash out a single cent. I sure as hell would have cashed out a few M's to play with in their position, and with millions dollar trading days churning through at that time they easily could have done it.
$10,000,000 (plus or minus depending how much they could have sifted into the trading volume) is what they 'put on the line' by deciding not to sell.
Ann: MetalsTech Limited Changes to Board and Management, page-19
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $29.55M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $29.37K | 193.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 47208 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 10000 | 1 |
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| Last trade - 11.49am 09/10/2024 (20 minute delay) ? |
| MTC (ASX) Chart |