Steady on Roo Roo, the Elboz hold a stack of HEG, they did hold 6 million shares, now they hold 5 million, which is still a big stack. If they dumped the whole lot on the market at once, they would have scared the price down to five cents. This could have triggered a huge panic of stop loss selling. Instead, they were fed onto the market slowly. This has capped the price at 21-23 cents over the last month or so. The sale has been no state secret. It has allowed some of us to pick up some more stock at a good price. There is good news just come out re : Hargraves. We have already seen two good announcements, and probably more to come.
The Elboz have held for five years, they could have sold a few months back for a much better price. There was an announcement on the ASX as to a change in substantial holdings.
So how could the sale of such a large parcel been completed in a more professional manner?
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.98M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $46.30K | 7.718M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 214015 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 18052913 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 214015 | 0.006 |
14 | 26250317 | 0.005 |
15 | 47511921 | 0.004 |
7 | 30866666 | 0.003 |
18 | 18679779 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 18052913 | 10 |
0.008 | 7777387 | 7 |
0.009 | 5833000 | 3 |
0.010 | 18607300 | 7 |
0.011 | 5000000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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