Folks remember BS has finite resources and liquidity also (even though a lot larger than us retail investors).
He has a history of building companies, and eventually recycling capital from them into his next idea/play.
Very similar thing happened with NXT when it was only around $1 mark. I drew a similar
I conclusion at the time that he mustn't see value and dumped my entire holding. Boy did I end up regretting that emotional reaction ... the shares rallied on to $13+ in following years.
I guess what I'm saying is to be careful what conclusions you draw about Bevan exiting, in NXT's case I think it freedom up the register and removes the blocking stake so that company becomes a possible takeover candidate - can actually be a net positive.
Personally I think Paul Tyler has this company turning around and firming up very nicely, and I will not making the same mistake as last time.
Ann: Change in substantial holding, page-7
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Last
$1.73 |
Change
-0.025(1.43%) |
Mkt cap ! $864.9M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.76 | $1.71 | $987.2K | 568.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9982 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 19820 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SLC (ASX) Chart |