There were some complaints here about SH not being announced as a participant in the CR. Now they announce it, there are still complaints.
SH made a big investment in RFX because it was a company he believed in. It is a company tackling the energy storage challenges to support renewable energy. He is still happy to work there and has a key role that (I assume) he enjoys.
I believe he has good visibility of what is happening at RFX and knows his capital investment has got them to this point. His (venture) capital is no longer required so he gets under the 5% and can redeploy the cash wherever he wants.
RFX has been bumping along under the CR 21c for a while. Some won't take up their entitlements because the SP isn't over 21c. I remember late last year the same happened with BLG options @ 3c. Only some took up their options even though the SP hung under 3c. BLG is over 4c today.
If there wasn't the overhang of the CR today, and with the clarifying announcement yesterday, do you really think RFX would be trading at 21c?
There were some complaints here about SH not being announced as...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $27.26M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $32.27K | 292.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 639791 | 12 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
0.005 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 260965 | ||
| Last updated 15.53pm 26/04/2024 ? | |||||
| RFX (ASX) Chart |