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
A strategic placement when you don't need extra funds would have...
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $80.59M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 38.5¢ | $14.23K | 36.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23030 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 10000 | 1 |
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| Last trade - 10.53am 02/05/2024 (20 minute delay) ? |
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Last
38.5¢ |
Change
0.005 ( 1.32 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 38.5¢ | 4030 | ||
| Last updated 10.52am 02/05/2024 ? | |||||
| OCC (ASX) Chart |