If it is JA and perhaps a pal (not a related party of course!) that bought 70% of the 214m new shares then with his 304m holding, they would effectively control enough shares to block a special resolution ie significant share issues, the remuneration report at an AGM, etc.
25% of enlarged SOI = 581m shares, assuming every share is voted which never happens.
I’m betting this is the game. Why build a 14% stake and stop there?
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $315.5M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $38.69K | 286.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 124523 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 735002 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 125324 | 0.135 |
31 | 1282504 | 0.130 |
15 | 1239300 | 0.125 |
21 | 562838 | 0.120 |
8 | 491300 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 733983 | 28 |
0.145 | 479235 | 7 |
0.150 | 920165 | 13 |
0.155 | 254338 | 7 |
0.160 | 323273 | 5 |
Last trade - 10.45am 29/07/2024 (20 minute delay) ? |
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