Yesterday's teleconference explains the sequence of events i.e. Ellison and Wade sold their shares a day or so before the Chinese whacked in their revised bid for AWE.
MRL were working toward a bid in January. But, when they Chinese outfit came again, they figured they had to move pronto, to give the AWE board a competitive offer to advise s'holders 'do nothing, we'll get back to ya'.
I doubt Wade and Ellison were privy to the Chinese outfit's improved bid at the time they sold their shares.
Yesterday's teleconference explains the sequence of events i.e....
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Last
$39.92 |
Change
-0.230(0.57%) |
Mkt cap ! $7.874B | |||
| Open | High | Low | Value | Volume |
| $39.67 | $40.87 | $39.66 | $53.90M | 1.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 250 | $39.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.92 | 13 | 1 |
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| Last trade - 14.52pm 02/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |