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.
CDM Price at posting:
77.0¢ Sentiment: Sell Disclosure: Not Held
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