My quick search of prior announcements indicates that Springtree's last allocation of options was Jun-2011, 21m at atrike price of 1.6c.
AE bought in at 1.3c.
Daily trading volumes really took off in mid Oct. This suggests that if Springtree wants out, and AE sell down 50% (as speculated on here), these volumes should have given them ample opportunity.
A simplistic view would have them both wanting their sell down strategies completed by end Dec-2011, to correspond with portfolio reporting requirements. Fund managers usually report quarterly or half yearly.
I've said it before. But hopefully we are now close to the end of the selling pressure on NEU.
technical analysis points to higher highs, page-195
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Last
$20.10 |
Change
-0.620(2.99%) |
Mkt cap ! $2.569B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.45 | $19.92 | $5.947M | 296.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $20.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.19 | 10 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |