MEL 11.1% 0.4¢ metgasco ltd

Ann: Vali and Odin on schedule for first gas, page-103

  1. 2,806 Posts.
    lightbulb Created with Sketch. 644
    One of the large shareholders doesn't want the share price to go up. Previously, they had an offer of 15 million shares at an unrealistically high price. Now they have three separate parcels. Two potential reason IMO: they want to buy cheap on market or they want to get cheap placement shares rolleyes.png

    https://hotcopper.com.au/data/attachments/4993/4993660-512ab755a467ca6e11480e9c0f1b24eb.jpg
 
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