FJ getting the last few million million shares (53 million to be precise) to secure their initial 10% pushed the SP from around 8c to 14c in a very short space of time. Once they got there it fell back rapidly of course. They subsequently topped up in the CRs to maintain and slightly increase their % and their average cost is around 8.4c - I believe that this is an incredibly important metric.
I really cant see WPL or anyone else getting to 51% "very quickly" on market without the SP going ballistic.
Yes, what FJ ultimately do will be pivotal. Unfortunately, the Board have so many cheapies that they can let go for a song and still pop corks at State of grace or Collins quarter. Fortunately, they will have FJ watching them very closely and I don't for a minute believe that FJ with its 452m shares/$38m investment is just sitting back passively speculating like us plebs.
Notwithstanding the cheapies, I'm quietly confident that CN and team will pull out the stops in a very professional manner to get a great result.
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Last
46.0¢ |
Change
-0.025(5.15%) |
Mkt cap ! $42.50M |
Open | High | Low | Value | Volume |
43.5¢ | 47.5¢ | 43.5¢ | $23.89K | 52.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3666 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 4977 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10317 | 0.450 |
1 | 50000 | 0.425 |
1 | 12048 | 0.415 |
1 | 33894 | 0.410 |
3 | 56250 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 8595 | 1 |
0.460 | 100000 | 2 |
0.480 | 24999 | 2 |
0.500 | 10000 | 1 |
0.510 | 476276 | 5 |
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