BSX 8.57% 3.2¢ blackstone minerals limited

BSX Day to Day SP discussion, page-4147

  1. 5,133 Posts.
    lightbulb Created with Sketch. 275
    Yes, that's likely IMO. Christmas is nearly here and liquidity here usually suffers in the lead up and doesn't return until later into January/February historically. Ecopro are running out of time to sell down the rest of their 32m shares. The fact they haven't managed to sell more than they have yet is the very point causing the SP to fall so dramatically this second half of the year. Supply outweighs demand. This is likely them desperately attempting to demonstrate to BSX that they will continue to sell on market if the Company can't organise a share buyback or block trade. Poor performance. Totally predictable and fully expected by all paying attention ever since they published their first notice of selling in August and reinforced by their second in October.
 
watchlist Created with Sketch. Add BSX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.