In mid Feb they fell off the substantial holder list by selling 6 mill shares at 77 to 78 cents.
Here we have them adding about a million of that at 97.5 down to 85 - to go back over 5%.
I did post re their cash out in mid Feb. I find it interesting that they (knowing Zenith well) are happy to nibble back over 5% at a price much higher than they sold. They must be believers in PEP.
re a 'blocking' stake... how much would that take. If holders vote 51% to let PEP aquire, the other 49% have no choice. Am I correct?
I am awaiting some more good news to be published in due course.... eg contract extensions or upgrades. POG still 2600 AUD. ....I wonder when we get the special dividend. They should do that soon (I hope they dont wait until May)
In mid Feb they fell off the substantial holder list by selling...
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