"I'm guessing the 250k gets eaten (that may anchor vwap to the price needed)Obviously be dumb to sell 250k shares on the back of a company making announcement - unless of course you knew you could get them back soon after in a CR (potentially at a discount"
Alternatively, and just as feasible, the 250K wall was put there prior to the commencement of trading this morning is to protect a short position that will be squeezed on the JSE at R17...i do not believe there will be a cap raise at these levels.
RLT should be trading north of AUD $4.00..instos are well aware of intrinsic value and all the upcoming catalysts.
Looking forward to more announcements and fireworks in the coming weeks..
RLT Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held
(20min delay)