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Ann: Copper Mineralisation Intersected at Canbelego, page-22

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muroran

170 Posts.

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08/02/23

23:09

Post #: 66144730
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Originally posted by amb005: ↑

Not too sure on when they entered, or their motives, perhaps some longer term holders will be able to help you out there, I can just see from the last annual report they were the top holder with 125 million shares, and then they have been selling off since Feb this year as seen in the ceasing to be a financial holder form:

View attachment 5042338

Because now they are under the 5 % holding to classify as a substantial holder we wont be getting any more notifications of their selling. We know they have around 116 million left, and if they want to sell the entire holding will probably stifle upward momentum until we can churn through it all , today got through 13 mill, if you compare their amount of volume to what they have done previously, its approx 62% of the volume on the 3rd of Feb (they sold 5 mill out of 8.8 mill traded) maybe they got rid of another 8 mill today. Another 108 mill to go!

All speculation who knows whats up, just going to be a bit of a buzz kill for a little bit when our biggest holder is exiting, but they come with some good results and all thats out the window!

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Thanks for the explanation.

Here is the latest from Mike Rosenstreich

HLX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.001(12.5%)		Mkt cap ! $14.68M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$19.70K	4.045M

Buyers (Bids)

No.	Vol.	Price($)
14	43113831	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	24521019	19

View Market Depth

No.	Vol.	Price($)
14	43113831	0.004
36	45794636	0.003
60	166071974	0.002
15	96099981	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	24521019	19
0.006	37060764	30
0.007	12700117	8
0.008	15748969	10
0.009	8252302	7

Last trade - 12.52pm 04/09/2024 (20 minute delay)

HLX (ASX) Chart