A strategic placement when you don't need extra funds would have to be at a premium. I suspect it will be to a larger fund manager or pharmaceutical company that can see the potential.
If they tried to buy on market, they might be able to get a million shares, but the cat would be out of the bag and the share price would run to something that they would consider unreasonable. Better to do a deal with the company and get their 5% or so at a sensible price.
So it will probably be to one buyer and not necessarily help liquidity, but will certainly put us on the radar of serious investors.
Cheers
Westwind
Ann: Trading Halt, page-11
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $77.45M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.0¢ | $213.0K | 575.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 61683 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 18300 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 37.5¢ | 38.0¢ | 36.5¢ | 191270 | ||
| Last updated 15.00pm 22/05/2024 ? | |||||
| OCC (ASX) Chart |