Yes, it is not very clear.
If you look closely at the announcement it shows 2 parcels aquired.
The first parcel was over the 6th to 9th June of 12m shares for $336,473.44.
The second parcel was over period 9th - 17th June of 3,459,730 shares for $101,297.61.
This gives a total of 15,459,730 shares aquired for $437,771.05.
The average price is then:- $0.0283
They picked the bottom really well .... or did they create the bottom !!!
Cheers & good luck,
P
Ann: Becoming a substantial holder-HGO.AX, page-5
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