Question should be asked as to why they were dumped onto the market as a whole at such a discount? The same end result at a much higher average price to the seller could have been obtained by selling on market by drip feeding using a broker and a bot. It therefore wouldn't have had the effect of a massive gap down and whilst the sp might have drifted down to the current levels it would have been done in an orderly way. Whoever this crowd is who sold have done it in the most disruptive way possible. Why hasn't the ASX asked questions about the way it was done?
nassim to sell all fmg holdings - 130m shares, page-22
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |