Well i think it's all but confirmed that its Palmer sending the price down in an attempt to put a stop to the merger.
According to the updated Arc website, under Top 20 shareholders as at 7/1/2008;
"1 Mineralogy Pty Ltd 18,624,316"
Now compare that to the announcement made by Arc on the 31/10/2007 - Notice from shareholder - request for general meeting...
"Mineralogy currently holds 19,364,709 shares in the Company, representing 6.0872% of the Company’s ordinary shares. Mineralogy has acquired this stake over the period from July 2007 to the present, with an average entry price of $1.51 per
share."
Now that's a difference of 740,393 shares, but we now know they are selling and who knows how many they've sold in the last few days. It would certainly seem like it would be enough volume to sell the stock down.
- Forums
- ASX - By Stock
- 5GN
- mineralogy unloading
mineralogy unloading
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
0.003(1.69%) |
Mkt cap ! $46.88M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.5¢ | $231.3K | 1.543M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 827504 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1967449 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 827504 | 0.145 |
3 | 403600 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1967449 | 26 |
0.160 | 541747 | 12 |
0.165 | 194484 | 7 |
0.170 | 404163 | 5 |
0.175 | 39258 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online