Billionaires dont have loose change. They are tight as fk and hate paying tax. As rabbit says it was a hedge. I doubt he set out to crush the sp. It was a wait and see. Once apparent the market gave 2 fs about RWL water then out come the sell algos and the tax loss hedge begins. Simple really. Very common for alot of high rollers merging a loss making private business to public.
Anything can happen from here. Whats alarming is the quiet shift away from MABR. Is it a dud? Is it a shift away or just not selling? Bugger all sales in countries with higher standards is a concern. Profit is king. Flip a coin now.
Ann: Fluence to Raise up to A$40.7M to Substantially Reduce Debt, page-31
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Last
9.8¢ |
Change
-0.001(1.01%) |
Mkt cap ! $105.9M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.0¢ | 9.7¢ | $13.49K | 137.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12585 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 124214 | 2 |
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| FLC (ASX) Chart |