Ann: NOTICE OF DISPOSAL ORDERS OF INTERESTS IN NORTHERN MINERALS, page-68

https://www.legislation.gov.au/F2024N00475/asmade/text

So these guys are 34 business days into 60 days given to divest the 600 million shares. ( i assume the 60 days are business days?)

And so far....since the 3 June 2024...there has been a total of about 100 million shares traded. Yikes. And that is assuming that all sells are from them (which obvioulsy it would not be....)

60 business days from the 3 June 2024 would be 27 August 2024 (think there was only one public holiday?). (60 days from 3 June 2024 would be about 1 August 2024)


So what are their options:
1 - Sell on market - This is going to be a blood bath if they try to sell their whole holding in the next 24 business days. Maybe they have been selling some? But wouldn't they have to disclose this to ASX and do an annoucement? Have not seen any to date.....So have they sold any? The may also ask for an extension maybe?
2 - Sell off market - Maybe they are in negotiations to do this? Who would buy it? 600 million shares at about 3 cents is about $18 million....so not a huge sum....who would want to take over the strategic stake?
3 - Force the Govt to dispose of them - So govt would likely engage a broker....who would do some off market deals to sell them (less their costs etc.). This would take some time.

Are there any other options?

What do others think is happening?