Including Chi-X around 15 million were sold down in one go.
Only a handful of entities hold this number of shares so in my opinion
it is an attempt to panic people into selling or to lower the VWAP to get
cheaper shares when AuStar needs to raise funds.
Anyway, other people are seeing value and buying again.
We will see how all these conflicting motives resolve themselves in the marketplace.
Add to My Watchlist
What is My Watchlist?