I'm completely spitballing here and may be way off the mark (pun intended)...but cmonaussie previously posted that if there was a US listing, the headline stock in Talga would then get a certain percentage of shares (Talga Group Equity Rollover) in the new listing alongside the new investors at IPO (dependant on Talga Group's ownership percentage of the new vehicle).
If BNP Paribas and HSBC are bookrunners for an IPO (or a new JV vehicle) then they may also have been buying headline stock for interested parties to have a greater ownership share of the new listing/vehicle...
They have been in hiding and buying up until now...
Ann: Annual Report to shareholders, page-13
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $158.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.0¢ | $158.2K | 421.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18991 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5592 | 6 |
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| Last trade - 11.34am 10/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |