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Why couldn't CSE sell at "top dollar"? The SYR holding is a...

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MrCurly

247 Posts.

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18/03/15

21:37

Post #: 14938553
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Originally posted by tobyjack ↑

Agree, NL.

I troubles me to see first Paul Kehoe sell his vast interest. I assume Tom Eadie did the same after his resignation. He was not a substantial holder so was not required to advise the market via ASX ann, and the fact he was no longer a director meant he also was not required to notify.

If CSE sell down their 11 million shares (for memory) it won't be at "top dollar" for a large parcel like that.

Why are they all selling at this time?

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Why couldn't CSE sell at "top dollar"? The SYR holding is a significant one for a strategic buyer. The company (SYR) has also just entered the ASX200 meaning various funds are mandated to purchase so there may be an opportunity to offload the holding to non strategic buyers.
Whatever, CSE is not a forced seller, rather it is a holder of a strategic parcel that the directors will be expecting a premium for.

CSE Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held

SYR Price at posting: $4.34 Sentiment: Buy Disclosure: Held
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Why couldn't CSE sell at "top dollar"? The SYR holding is a...

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