Hard to see why a company would prefer a capital raising @ about 30c to a potential T/O offer of 61c. Maybe they're trying to put pressure on Hanlong to make a T/O offer prior to the meeting?
As to people selling, shareholders have been given notice of a potential capital raising. Nothing like a CR to give incentive to sell.
its capital raising time!, page-10
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$3.14 |
Change
-0.050(1.57%) |
Mkt cap ! $560.8M | |||
| Open | High | Low | Value | Volume |
| $3.21 | $3.23 | $3.05 | $1.909M | 606.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6892 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 10000 | 1 |
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