No, that assumption is incorrect @pinballsc Substantial holders must acknowledge each 1% decline in holding once greater than 5%, so if they were holding 11% and sold down to < 10% they'd need to submit a notice.
It appears I misread that @moimoi thank you.
It seems Ntsimbintle Holdings recently purchased the shares on-market at $0.28 and it's highly unlikely they are doing this for a short term trade.
(Sorry, HC wasn't letting me quote your comments for some reason).
Ann: Substantial Holder Notice - Safika Resources (Pty) Ltd, page-9
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $333.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $392.8K | 2.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 3216508 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 61174 | 2 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| JMS (ASX) Chart |