VMG
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Ann: Response to ASX Query , page-9

  1. webral
    5,257 Posts.
    lightbulb Created with Sketch. 40
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    08/11/12
    12:14
    Post #: 10972802
    in for a punt again, got burnt trying to catch it on the way down

    Paradice selling 29th/30th total 22.3m shares via UBS

    previous holding of 77m left them with 55m

    UBS sold 9.7m on 31st
    purchased 700k on 1st
    sold 22m on 2nd
    sold 8m on 5th

    that left 16m overhang from Tuesday onwards with 26m total traded Tue/Wed/Thu

    further losses priced in with stock trading below cash approx $18m at time of update vs current market cap of $10m
    VMG Price at posting: 1.1¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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