The brokers who bought the 19m shares at a reduced cost would have done their due diligence and not just tipped in $30m hoping for the best !!
Unless they are using their holdings to short this stock I am not concerned, would be more concerned if management had trouble finding a buyer or sold them at this level ?
HLO valuation thread, page-10
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Last
$2.42 |
Change
0.050(2.11%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.45 | $2.37 | $883.2K | 364.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 10000 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HLO (ASX) Chart |