True that. According to westpac broking Cadence has 21.22 M shares or 17.85 % of Arq. With around 225k avergae traded over past 12 months that equates to about 94 trading days or a little over 4 months to exit the position entirely without finding another person/fund to take a large position , which as you say would put some serious pressure on the price for quite some time and I agree with you that CDM are somewhat "stuck" with ARQ for now. Will be interesting to see what Karl says in his upcoming June briefing.
Ann: Investment Update and NTA June 2019, page-6
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Last
70.5¢ |
Change
-0.015(2.08%) |
Mkt cap ! $210.7M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.5¢ | 70.5¢ | $349.4K | 489.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 107393 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 11990 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CDM (ASX) Chart |