" didn't expect any movement in the share price today and I got what I expected. The serious punters will wait till April 25 or so to see the legals signed and will possibly wait till JPM finish their selling "
Tonys comment above raise a couple of questions I would have liked to have asked if I had been on line.
J.P Morgan are now under 5% sub holder level but I wonder how many more shares they still have to unwind ? under 5% could still be north of 10m shares.
Time line for payment ? legals have to be signed by April 25 then a notice of EGM goes out that that takes it out to the end of May also presumably a new FIRB approval will need to be obtained on top of ASIC exemption to go above 19.9%.
Hopefully the bottom is in now and it can work back up towrds the 31c resistance line.
question time, page-121
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