At 10k/day that would be 23 working days - that is 5 weeks during which time holders may change between short-term, medium term and long term.
The brokers will trade and look after their clients (generally better than they can look after themselves) and I think they will be advising their clients to hold until BOT goes over the finishing line or at least puts in a quickest lap and gets pole position.
But what is the finishing line/pole position? ... it is reaching a stellar quarter so that BOT has undeniably delivered and the share price makes a takeover for peanuts impossible. Then BOT goes for a reasonable price or continues progress into pharmaland. Thus I posit that the CR was a defensive manoeuvre.
Note that both BOT and The Alternate Universe are well cashed up and likely soon to go cash flow non-negative, which means that each is a more attractive target as neither is likely to be a millstone around neck, and may auger well for the share price, making predation more difficult.
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $660.6M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 35.5¢ | $1.112M | 3.081M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 370162 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 259115 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 366799 | 0.355 |
16 | 580411 | 0.350 |
5 | 676800 | 0.345 |
12 | 245107 | 0.340 |
5 | 416825 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 263834 | 14 |
0.365 | 463104 | 9 |
0.370 | 1039729 | 10 |
0.375 | 447500 | 5 |
0.380 | 861508 | 13 |
Last trade - 13.20pm 19/08/2024 (20 minute delay) ? |
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BOT (ASX) Chart |