Thank you Luongho, that's a very nice find!
If this fund will buy in about $580 million worth of CXO and LKE shares based on their MC, that would mean about half of that amount for LKE shares.
So that would be about US$290 million, or about A$415 million, using the current USDAUD rate as estimate.
As the LKE SP is changing, the number of shares is harder to estimate, but let's say at an average SP of A$2 that would mean more than 200 million LKE shares this fund would need to buy.
That'd be a lot.
LKE towards TOP-5, page-7755
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3.8¢ |
Change
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Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 45 | 4289511 | 3.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 160348 | 3 |
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