Worth noting FIL happy to buy up to 0.49
From memory, their previous average entry was something like 0.33 ...this notice would nudge it up a little.
Also worth noting that in Sept last year FIL increased their holdings from 5.06% to 6.15% (also on a Thursday).
Interestingly the market didn't react to the news on the day but moved higher on the following day. In the following 3 weeks the sp moved from 0.40 to it's all time intra day high of 0.55 (almost 40% in 3 weeks...thanks for coming). Based on this notice FIL were not a buyer during that run, but did recommence buying "on the way down" and following the very impressive numbers from the adult clinical study.
I see a move to 0.50 - 0.80 in the next few months.
GLTA.
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Ann: Change in substantial holding, page-28
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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