The other possibility is he wants to shore up support for any bid that maybe incoming - ie convince the large existing shareholders that SPR is worth multiple times the current SP. Any successful bid needs these 2 shareholders to sell into any bid so convincing them not to sell at a low price like $1 is important to achieve max value in any bid.
Again speculation on my part.
Ann: Exceptional new thick, high-grade intercepts, page-87
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 (20min delay)
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Last
$1.18 |
Change
-0.110(8.56%) |
Mkt cap ! $1.307B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.16 | $8.521M | 7.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28757 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 53023 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |