ML giving stock back is hugely positive. The only reason their prime account would have had the stock was to lend out for funds to short into the consolidation.
Guess what - no one wanted to short into it so the stock has been returned to beneficial owners....
Remember the golden rule of consolidations : Only do it on good news. RED has good news :
1/ First pour
2/ Resource upgrade
3/ Dividend coming from residual cash
Ann: Ceasing to be a substantial holder , page-5
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Last
34.0¢ |
Change
0.020(6.25%) |
Mkt cap ! $2.312B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 34.0¢ | 32.0¢ | $18.95M | 56.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 1015223 | 12 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |