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They bought recently. Even if they sell all at 0.008 they still...

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422 Posts.

46

07/02/23

16:12

Post #: 66122817
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Originally posted by amb005: ↑

Not too sure on when they entered, or their motives, perhaps some longer term holders will be able to help you out there, I can just see from the last annual report they were the top holder with 125 million shares, and then they have been selling off since Feb this year as seen in the ceasing to be a financial holder form:

View attachment 5042338

Because now they are under the 5 % holding to classify as a substantial holder we wont be getting any more notifications of their selling. We know they have around 116 million left, and if they want to sell the entire holding will probably stifle upward momentum until we can churn through it all , today got through 13 mill, if you compare their amount of volume to what they have done previously, its approx 62% of the volume on the 3rd of Feb (they sold 5 mill out of 8.8 mill traded) maybe they got rid of another 8 mill today. Another 108 mill to go!

All speculation who knows whats up, just going to be a bit of a buzz kill for a little bit when our biggest holder is exiting, but they come with some good results and all thats out the window!

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They bought recently. Even if they sell all at 0.008 they still making money.

HLX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.001(25.0%)		Mkt cap ! $8.160M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$2.033K	933.3K

Buyers (Bids)

No.	Vol.	Price($)
94	198806832	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	50711085	24

View Market Depth

No.	Vol.	Price($)
94	198806832	0.002
30	122467985	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	50411086	23
0.004	41113545	42
0.005	16364828	16
0.006	14058480	12
0.007	4300000	3

Last trade - 10.32am 15/07/2024 (20 minute delay)

HLX (ASX) Chart

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