The ASX website indicates to me that over 50 million OBM shares may have already been traded in the month of February … and still 2 more days to go.
A clear majority of those shares have been bought by only one broker.
I think we can safely assume those shares have now gone from weak holders to a new longer term sticky holder.
Given that Hawkes Point own ~48% and Paradise over 5% and the rest of the top 20 holders seem to be glued on … I can see a future where some solid price rises may occur on much lighter volumes.
The 7 million shares traded yesterday (Friday) were mostly hoovered (sorry bought) up by Hartley Euroz.
If no substantial shareholder forthcoming from Paradise by next Tuesday, we must have a new big player coming on-board.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)