They’re a special situations fund that plays distressed equities. They came in early/mid 2020 (just after covid) as the company was under extreme pressure with no cash and a hefty care and maintenance bill from Nifty. This is no longer a distressed company with close to $200m in cash so they have little business being here. Why they’ve gone about the selling like they have instead of a block trade etc I have no idea.
Ann: Ceasing to be a substantial holder, page-7
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $353.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $647.4K | 1.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 409186 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 279503 | 10 |
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| Last trade - 10.39am 05/09/2024 (20 minute delay) ? |
| MLX (ASX) Chart |