If there are around 90M shares issued there does not seem to be any prohibition with the new shareholders selling.
That could cause downward pressure on the share price over the next 6 to 12 months.
I'm sure they'd like to cash out at least to some extent.
Ann: Recommended Takeover Offer of Bullseye Mining Limited, page-30
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Last
$3.82 |
Change
-0.230(5.68%) |
Mkt cap ! $2.506B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $3.98 | $3.82 | $5.615M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8858 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 23421 | 5 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |