I love a good Conspiracy Theory....
In a 2 second period today (from 11.47.08 to 11.47.10) a total of 2.366M shares were acquired at 18 cents. Why?
Could there be a Big Shark as Turtle said? And could that shark be a ‘Spoiller’ who has been acquiring a stake but today breached the 5% mark, so has to lodged a Substantial Holder notice soon and decided to buy up big after breaching 5%, to send a signal that something is afoot?
It certainly flushed out a few more sellers than usual- Over 40M shares sold today- a ‘tad’ more than normal!
Hoping for a Substantial Holders notice soon !....... from someone other than OZ !!
Just a theory!
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Ann: Change in substantial holding from OZL, page-112
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