This explains beautifully what is happening this morning.
Gang Xu had an account with Morgans where he had a number of other investors as subholders of the 19.5 million shares. This change in substantial holding is Gang Xu and Morgans changing ownership so the other investors are direct holders now.
Other investors, now free to sell there shares, seem to be selling some of their holdings into the 45c floor which was the price of the recent corporate raising.
This is 8-9% of the company so it will be interesting to see what these investors do with their shares. Maybe they are distributing them on market to other happy holders?
- Forums
- ASX - By Stock
- AUK
- Ann: Appendix 3B
Ann: Appendix 3B, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUK (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.42M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $4.051K | 510.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 589389 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5244982 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 589389 | 0.007 |
11 | 9916798 | 0.006 |
32 | 48068342 | 0.005 |
9 | 12280000 | 0.004 |
6 | 7466750 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5244982 | 8 |
0.009 | 10377855 | 11 |
0.010 | 8190161 | 7 |
0.011 | 5400000 | 5 |
0.012 | 7257471 | 6 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
AUK (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online