They didn’t start from zero.
Notice covers the crossing of 5% not every purchase from the start. They were already probably above 4%. Chunk bought at $2.05 cap raise.
Have a look at the numbers on the notice.
Ann: Becoming a substantial holder, page-3
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Last
$1.90 |
Change
0.025(1.34%) |
Mkt cap ! $1.519B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.91 | $1.88 | $4.515M | 2.387M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20694 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 22979 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |