Thats why I am speculating that Shaws is selling for Taurus also and not actively shorting (pure speculation though)
The amount Shaw's have sold recently does not match up with the T20's that the company has been releasing so either needs to be Taurus or them shorting.
Alternatively they doubled down on shorting it.... which would be a ballsy move but whilst Taurus is still hanging over us its a fairly safe bet.
The one thing we know for sure is at 16 June, Taurus held 126 mil shares.... since then BTIG has sold ~47 mil, which is where my 80 mil estimate comes from.
Another 175 mil was traded last 2 days so hopefully Taurus has sold out another significant chunk, unfortunately whilst their shares a still trying to find a new home we are going to be capped.
Thats why I am speculating that Shaws is selling for Taurus also...
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Last
$1.13 |
Change
0.045(4.17%) |
Mkt cap ! $160.2M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.09 | $164.7K | 148.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7813 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 15891 | 2 |
View Market Depth
| Last trade - 11.42am 16/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
0.045 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.13 | $1.09 | 70685 | ||
| Last updated 12.03pm 16/05/2024 ? | |||||
| HCH (ASX) Chart |