HYDROGEN,
Definitionally you're completely correct, BUT
> Today's NQM trade was 31.6 MILLION shares, that's almost 16% of the 200 million shares on issue!
On the day, both NQM and CQT went up 1/2 cent: that pared the discount on NQM shares vs. CQT's Offer value from 5.7% to 3.8% ==> some players are willing to take on the holding costs+holding risk+transaction costs of taking up the CQT Offer, then selling or holding the CQT shares!
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- again with the games
again with the games, page-9
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