ASX KIN announcement 15th April stated that on the 12th of April they still had $ 22.9M worth of GMD shares and $66.1M in cash.
GMD share closing price 12th April was $1.985 after opening at 1.945.
Implying that we have reduced our GMD holding to about 11 million shares.
My guess is they are still selling or have sold out. (my preference would have been to hold the lot until the merger is complete)
On the bright side we might be earning 5 or 6% interest on $90 million
6% of $90 million = $1.35 million interest every 3 months.
Expecto Patronus?, page-4
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