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
ASX Hot too!, page-428
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Last
$1.11 |
Change
0.055(5.24%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.13 | $1.04 | $6.781M | 6.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43856 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 66000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |