I’d suggest it is exactly what I was alluding to in my previous post, my money is on Mercer doing a block trade for the 200k shares they were issued yesterday, too much of a coincidence.
A quick $1.6m profit with the remaining 100k options to convert, no doubt they will be looking for a similar block trade to complete over the next 4 weeks.
Great outcome for everyone as the liquidity doesn’t exist currently.
Ann: Application for quotation of securities - AVR, page-13
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Last
$18.31 |
Change
-0.240(1.29%) |
Mkt cap ! $351.9M | |||
| Open | High | Low | Value | Volume |
| $18.80 | $19.15 | $18.20 | $159.7K | 8.611K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73 | $18.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.33 | 90 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AVR (ASX) Chart |