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.
True that. According to westpac broking Cadence has 21.22 M...
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Last
71.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.7M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 71.0¢ | $40.59K | 57.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29460 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 24980 | 4 |
View Market Depth
| Last trade - 11.47am 24/06/2024 (20 minute delay) ? |
| CDM (ASX) Chart |