"this deal does not make sense"
He's just trying to cock-block anyone else taking a position and mopping up retail liquidity. $150K sound like a lot, but it's pennys in the larger play that's already been discussed. Plus he's buying at about the proposed return to shareholders so he gets it all back - just effectively a free insurance policy.
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $38.71M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $95.26K | 730.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 164113 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 7776 | 2 |
View Market Depth
| Last trade - 15.53pm 01/08/2025 (20 minute delay) ? |
| 5GN (ASX) Chart |