$4 is a fair price to get a larger stake in a company with great prospects because if they attempted to get a larger stage by buying on ASX they might have needed to pay up to $8 due to demand and supply factors. Most on HC can't see the value in paying $4 which is the cheapest method to get a larger stake through a placement and who would know if someone else wants to buy into GSW and enlisted eager AFR journalists to unknowingly help trash the share price so they can buy a big stake at a much cheaper price than $4?
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Ann: Response to ASX Query, page-401
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