It is too early to know what are GG's intentions, but I do know if there is a TO proposal, the long funds would have smell it and would have competed with GG to take a a good holding position.
Or maybe, GG intentionally moved too fast to build his blocking holding of 20% and the long/ other instituational funds were too slow to react.
It is a very cleaver strategy by GG as he aquaired vast amount of shares in a very short period ( 2 weeks) and with conviction where the price moved from $0.30 to $1.20
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Last
$1.03 |
Change
-0.045(4.21%) |
Mkt cap ! $1.221B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | $1.03 | $1.529M | 1.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 81645 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 233185 | 21 |
View Market Depth
| Last trade - 10.24am 30/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |