it is interesting that stock price has stabilised around the $2.10-$2.15 level despite heavy selling pressure. I would have thought it might have fallen a lot further. I just wonder whether Incitec Pivot are buyers at the moment which is propping up the stock price. Who else would be buying such big volumes of stock???????
This announcement may enable them to get hold of DXL for a much lower price than originally anticipated.
Keep an eye on Co announcementns to see whether IPL have increased their holding.
DXL
dyno nobel limited
