How did you come to the conclusion it was a margin call?
This seems legitimate (as in no concern) and he still has a huge holding.
"The transaction has been undertaken by Mr Gandel for personal reasons associated with adjusting his business affairs. These include the potential funding of the proposed takeover of Alliance Resources Limited by Gandel Metals Pty Ltd.Following the sale, Mr Gandel retains a significant interest in the Company and continues as the Company’s largest shareholder, with a relevant interest of 131,792,506 shares (representing approximately 22.128% of issued capital)."
How did you come to the conclusion it was a margin call?This...
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Last
59.0¢ |
Change
-0.010(1.67%) |
Mkt cap ! $356.0M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 58.5¢ | $198.8K | 335.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16886 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 15999 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
58.5¢ |
Change
-0.010 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 60.0¢ | 60.0¢ | 58.5¢ | 89983 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| ALK (ASX) Chart |