HXG 36.4% 1.5¢ hexagon energy materials limited

Ann: Becoming a substantial holder, page-9

  1. 5,715 Posts.
    lightbulb Created with Sketch. 1598
    It appears UBS are shorting and using Tribeca's shares.

    The recent spike in volume and selling has happened since UBS declared they had borrowed stock.

    The good thing is that UBS will have to buy the shares back at some point.
    Risky move given the low volumes pre the selling over the last week or two.

    Mike seems to have a few irons in the fire going by the last two announcements so hopefully one of them generates some buying interest and UBS get caught short.
 
watchlist Created with Sketch. Add HXG (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
0.004(36.4%)
Mkt cap ! $7.693M
Open High Low Value Volume
1.5¢ 1.5¢ 1.5¢ $2.13K 142K

Buyers (Bids)

No. Vol. Price($)
2 103243 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 160400 1
View Market Depth
Last trade - 15.38pm 04/07/2024 (20 minute delay) ?
HXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.