Currently sitting on the fence waiting on who have bought it and how it will change the board.
While Drifta has a valid point of view this is unusual action out of the blue and it maybe a view they could not progress or a tax reason. I have no idea.
Ideally only a few major holders have bought who are looking to support the company to get things moving.
I doubt the McNeil's would buy back in to control as it would make a mockery of the selling in the first place.
Ann: Sell Down by Forise Investment Sydney, page-57
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.99M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.042K | 446.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8575500 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 18486611 | 26 |
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| Last trade - 12.02pm 12/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |