Gina Rinehart has never filed a “Ceasing to be a sub holder” notice (HPPL is above the 5% threshold) so she has certainly not pulled out - and I strongly doubt she has any near term intention to.
Instead, it’s clear she will have actually increased her holding by some proportionate number by participating in the last placement (at $5.10 per share in May) to maintain the size of her % stake. The announcement from VUL at the time of completion said it was “strongly supported” by existing shareholders as well as new investors.
Ann: Update of Zero Carbon Lithium Project Resources, page-19
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Last
$3.83 |
Change
-0.080(2.05%) |
Mkt cap ! $720.7M | |||
| Open | High | Low | Value | Volume |
| $3.89 | $3.90 | $3.71 | $1.014M | 266.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1377 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.83 | 1429 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| VUL (ASX) Chart |