If this is true that would be great. Does anyone have any further info? I can see there is an article on the Courier Mail's website behind a paywall, if someone had access maybe it has some details on how that is proceeding but I assume it's a general piece on what they are trying to achieve which has been conveyed to us in official announcements recently.
My point from above I think still stands, normally when substantial holders sell, you don't know when they have finished because they aren't required to update once below 5% so usually you would estimate based on volumes or maybe a large block trade can signal the end (and this is assuming they do sell completely, maybe they don't).
Here we can see the exact date the selling stopped because Regal/Nominee accounts got to 0 (due to Taurus' holding being on the same notice keeping the combined above the 5% threshold). Now it's been catching a bid most days for a couple of weeks (combined with a significant source of selling pressure no longer existing) the price has been reacting.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $34.46M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.0¢ | $35.44K | 180.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 171600 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 63298 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 171600 | 0.190 |
2 | 51583 | 0.180 |
1 | 525000 | 0.175 |
3 | 62742 | 0.170 |
2 | 656961 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 63298 | 3 |
0.205 | 114437 | 3 |
0.210 | 50000 | 1 |
0.225 | 72209 | 3 |
0.235 | 16979 | 1 |
Last trade - 13.06pm 28/07/2025 (20 minute delay) ? |
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BMR (ASX) Chart |