WR1 0.00% 52.0¢ winsome resources limited

Ann: A$34m equity raise at a significant premium, page-209

  1. 7,450 Posts.
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    Very graphic! Hardly a surprise, though, since experienced market participants would have figured that any sell over $1.22 was highly likely to give an opportunity for even a small buy-back gain. At least a couple of people sold around 100,000 at about $1.23. By 10:30 I thought they'd made a mistake when the SP rallied briefly above that mark, but they were right and once again proved me a poor judge. Even if they bought back at $1.20 it made for an easy $3,000 gain.
 
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