BGL 4.93% $1.93 bellevue gold limited

BGL - Share Price forecast and results, page-253

  1. 1,639 Posts.
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    Also - Hypothetically of course:
    If a cornerstone investor is getting frustrated with board and or management they may short sell the stock against their own long position to - hedge both ways or to deny board / staff SP related performance remuneration / options.
    I'd see this as an effective way to spur on lazy / greedy board / management - think knife to throat style - no market notice required as still holds original position and lays out demands. Demands not met - keep shorting till satisfied or hit original holding size in shorts. Further breakdown of relations may see C/Stone reach their holding size in shorts. With an equally long and short position (basically uninvested) I think the CS would have tremendous bargaining power - a ceasing to be a substantial holder notice could be dropped at this point further destabilising the stock and the CS walks away having closed all positions.
    As I'm a novice still I would like to be corrected if my understanding (particularly re: disclosure to market) of this is incorrect.
    Thanks lanek
    GLTAH

 
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Last
$1.93
Change
-0.100(4.93%)
Mkt cap ! $2.272B
Open High Low Value Volume
$2.04 $2.04 $1.92 $17.23M 8.836M

Buyers (Bids)

No. Vol. Price($)
6 174874 $1.93
 

Sellers (Offers)

Price($) Vol. No.
$1.94 50000 3
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Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
BGL (ASX) Chart
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