WA1 10.8% $17.27 wa1 resources ltd

Broker Data, page-564

  1. 62 Posts.
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    Naively, looks like a large block trade, i.e. those brokers separately accumulated shares ahead of time at Macquarie's behest to then sell on to Macquarie after the EOM close, the goal being to reduce overall market impact. Macquarie IM has a huge AUM with focus on commodities and green tech, timing suggests inclusion into one of their funds on the monthly rebalance? Not an expert, so feel free to correct.

    As Elite said, clearly other things going on too, e.g. looks like MS participated in that block trade on the 30th but has simultaneously been accumulating all month for their other mystery client. Here's the overall net picture for April.

    https://hotcopper.com.au/data/attachments/6144/6144196-e97bbb1a3d0a481985121c99091530b9.jpg

 
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