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I held a coal share (SMR) which got an opportunistic low ball...

  1. Bobspongo
    259 Posts.
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    15/07/21
    10:53
    Post #: 54518768
    I held a coal share (SMR) which got an opportunistic low ball offer last year. A fund purchased 20% or so and the holders on hot copper were excited that it was a blocking stake. In the end the fund sold off market at a reasonable premium and the the weakling take over offer proceeded.

    I am not saying that is what is going on here but just note that because a substantial holder comes on board at this point doesn't mean it will result in a significant increase in the share price.
    RHP Price at posting: $2.51 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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