ADY 22.2% 0.7¢ admiralty resources nl.

if phil wins, page-23

  1. 1,362 Posts.
    my recollection is that ANZ had sold all but 12m shares at the time they advised the market that they no longer held 5% of ADY.

    That being the case they most likely had sold some if not all of the Panopus shares.

    If they need to buy them back tomorrow then it will be a market price which today was unfortunately a low 19c.

    The last disclosure stated that ANZ had sold 103m shares at an average of 18.4c.

    Were they pushing the price down these past two days in order to buy them back at 19c? Who knows?
 
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