True that. According to westpac broking Cadence has 21.22 M shares or 17.85 % of Arq. With around 225k avergae traded over past 12 months that equates to about 94 trading days or a little over 4 months to exit the position entirely without finding another person/fund to take a large position , which as you say would put some serious pressure on the price for quite some time and I agree with you that CDM are somewhat "stuck" with ARQ for now. Will be interesting to see what Karl says in his upcoming June briefing.
Ann: Investment Update and NTA June 2019, page-6
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Last
71.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.2M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 71.5¢ | $258.6K | 360.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 77021 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 57750 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CDM (ASX) Chart |