My broker reckons the only reason DQ would agree to release the escrow early is because there is a buyer lined up.
It will likely be a well managed sale and unlikely to find its way into the general trading.
The placement of these shares may coincide with some new assay results next week and an increase in the reserve picture.
Could be an interesting month if a new strategic shareholder emerges as I believe Hawkes Point will be a seller once the project de-risked and price re-rated.
Ann: Release from Voluntary Escrow, page-2
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $798.7M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 41.0¢ | $491.5K | 1.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1214 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 166428 | 6 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| OBM (ASX) Chart |