To add to this, if Gina was working in conjunction with ALB her purchasing at $3 per share, which may I add seemed purposeful and strategic, would not have been beneficial to ALB when it comes to the fairness assessment. There has been plenty of liquidity at and above $3 over the past few weeks. I believe she could have kept the her purchase orders at a lesser amount and still managed to fill them over time. Her actions also caused the institutions to purchase at this price range during the ASX100 rebalance further adding to the vwap liquidity. When ALB have suppressed the SP for so long to gain better value it's not helping their cause to keep the SP at these levels.
I think we can safely rule out Gina's interest to work in conjunction with ALB. It's quite the opposite.
Gina's Strategy, page-15
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