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11.1%

3.2¢ australian silica quartz group ltd

Ann: Change in substantial holding from SNC, page-6

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inside2020

1,113 Posts.

64

29/11/23

17:19

Post #: 71175605
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Originally posted by HuonScott67: ↑

Mercantile Investment Mercantile Investment Company Ltd (ASX: MVT) – Removal from Official List.
Description:
"Mercantile Investment Company Ltd (‘MVT’) will be removed from the Official List of ASX Limited from the close of trading, Thursday, 10 August 2023, at the request of MVT under Listing Rule 17.11, following implementation of the novation of all the rights and obligations in respect of the unsecured notes currently held by MVT (in its capacity as the issuer of the notes) to Sandon Capital Investment Limited."

As at 24.11.2023, Sandon held 44,368,020 (15.74%) shares in ASQ. Interestingly Sandon (ASX: SNC) is seen as an "activist investor", so here's hoping it will shake up ASQ. Having held the stock since 22.02.2011, I have long questioned its management and whether the directors see it as a private fiefdom. They have continually promised much and delivered nothing for shareholders like myself, with the share price reflecting that, languishing in single digits.

So Inside2020, fingers crossed "...it's going to be exciting.

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Summary: We are very well positioned with everything on and below the earth's surface.
What is above the earth's surface ( the management ? ) is rather below average.

What is easier to work on now ?

ASQ Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change -0.004(11.1%)		Mkt cap ! $9.02M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.1¢	$5.061K	160.0K

Buyers (Bids)

No.	Vol.	Price($)
1	2911	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	931	1

View Market Depth

No.	Vol.	Price($)
1	2911	0.030
1	343984	0.029
1	35749	0.028
1	26100	0.021
1	50049	0.020

Price($)	Vol.	No.
0.032	931	1
0.037	217500	1
0.040	37000	1
0.041	998	1
0.045	11111	1

Last trade - 15.42pm 19/06/2024 (20 minute delay)

ASQ (ASX) Chart

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