Not that I am aware of, but it could be for a bunch of reasons. My hypothesis is that their mandate doesn't allow them to hold US listed shares and AVH wants to list in the US. Perhaps AVH and AEF have an 'understanding' they will be given time to get out in an 'orderly' fashion - although that's not how it feels as a shareholder. It just means a lot of good news / progress has been given no value and sp is held back. Again, I cannot understand why management hasn't organised some one to remove this road block by talking out the whole holding. Surely they can find someone for 3%..?
At least this offers a (possibly) good entry point for some as AEF is clearly limiting its 'dump' to 10c and above so you should be able to get all you can eat for 10.5, which IMHO is pretty darn good value.
anyway, pure speculation on my part as only AEF really knows what's going on.
Ann: Ceasing to be a Substantial Holder from AEF, page-7
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Last
$3.17 |
Change
0.180(6.02%) |
Mkt cap ! $223.2M | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.18 | $3.12 | $1.124M | 356.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 410 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 2434 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| AVH (ASX) Chart |