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Thanks for the explanation.Here is the latest from Mike...

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muroran

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08/02/23

23:09

Post #: 66144730
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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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Thanks for the explanation.

Here is the latest from Mike Rosenstreich

HLX Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.001(20.0%)		Mkt cap ! $9.792M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$68.62K	22.87M

Buyers (Bids)

No.	Vol.	Price($)
1	2500000	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	51666303	44

View Market Depth

No.	Vol.	Price($)
1	2500000	0.003
80	180757554	0.002
23	104187981	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	51666303	44
0.005	17735507	20
0.006	14917550	15
0.007	7529166	6
0.008	2428979	3

Last trade - 11.23am 30/07/2024 (20 minute delay)

HLX (ASX) Chart

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