Ann: Change of interest of substantial holder, page-8

First 8 Last

Share
Profile

Follow
vontrader

23,919 Posts.

752

13/03/15

15:33

Post #: 14910495
Share

Originally posted by webral ↑

Liongold Corp, the second largest holder, sold 22.5m shares this week as per notice and have 94.5m shares remaining. The shares recently came out of voluntary escrow from a year ago. Liongold share price has fallen from around S$1.70 to S$0.01 in the past 18 months and they are looking to move off the main bourse. They probably need the cash and will likely dump remainder.

Unity $9m cap, $12m cash last qtr plus expecting a significant increase in cash which should be a catalyst in early April. Maybe more to come as production winds down in coming months?

How low will Liongold go? Hopefully they dump a tick or two lower to clear large overhang rather than sit at 0.8c. Also the chance of an arranged crossing at some stage.

Expand

Webral

Who are they selling through ?

Ords did 18.9M and a few other brokers had only sells, no buys, but nothing equals out to 22.5M exact

Perhaps the broker has taken some in-house from them ?

Looks like a good play, but you'd have to expect they'll sell the remaining 90M the way things are going for Liongold. So its take a punt on where you think it will level out, or wait for a crossing and then hook in

Looks like 0.6c may be the sweet spot ?

UML Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Change of interest of substantial holder, page-8

Top Stories

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News