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.
They’re a special situations fund that plays distressed...
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 43.0¢ | $561.7K | 1.261M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 156720 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 33579 | 4 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |