I would say legally it would need to be at arms length. As URA is listed it would be subject to insider trading laws etc.
So perhaps they go to Broker A (not affiliated) 2 weeks ago and say we want 10m EL8 shares by 05/02/22 and the broker does its best it gets them as cheap as possible.
They then cross trade them to URA and the broker gets a nice percentage fee.
I would say legally it would need to be at arms length. As URA...
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Last
32.0¢ |
Change
-0.030(8.57%) |
Mkt cap ! $98.70M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 34.5¢ | 32.0¢ | $384.1K | 1.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 67936 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 44322 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |