CAY 0.00% 7.8¢ canyon resources limited

Hi, can somebody shed some additional light on this announcement...

  1. 61 Posts.
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    Hi, can somebody shed some additional light on this announcement please, particularly who has entered into the voluntary escrow agreement and can we expect a sell off after control of the shares are re-obtained? As I understand whoever owns the shares in voluntary escrow may be able to dispose of the shares, if they wish, after this Thursday. Could this perhaps be why we are seeing a very, very slow and patient accumulation without much change to the SP.
    In other words, the patient buyer is awaiting for these shares to be released as they are expecting a sell off or disposal of at least some of the escrowed shares?
    I think potentially we could see some very liquid trading from Thursday onwards.
 
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7.8¢ 7.8¢ 7.7¢ $110.8K 1.423M

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No. Vol. Price($)
1 36999 7.7¢
 

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Price($) Vol. No.
7.8¢ 776377 2
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