30 trading sessions since the Beament announcement, still a fair bit of accumulation in the 40s. Looks like long term holders building a position for the 1 for 7 and their average will be under 40c post entitlement offer. MIN's 40c block trade has set the base price for a while. If this is going > $1 like I believe it will, then 40c still cheap because MIN certainly thinks so.
Mr NST.ax/Bill Beament's Other Baby, page-338
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