You may be correct, yet I would counter that during the sale of LPDRC's there was a second large bundle of rights that were for sale at .001
Unlike the parcel for 28m, the second parcel was around the 25million which could have been the allocation of rights awarded to Mahe Capital.
Only three single shareholders holdings that could equate for that type of LPDRC holding that would be SM GXY or Mahe Capital.
I do see your point yet regarding the monies to be made if Mahe did take up their rights yet it may not be all that it seams.
The only other reason from my point of view that such a bundle could have been for sale is from a broker of a fund for investors overseas, that were not able to participate in said CR due to the ASX ruling surrounding the CR.
If that is the case it surprises me why they would bundle the package to look as though the parcel was from Mahe Capital.
Obviously this is all from MPOV and has no hard evidence apart for what I saw on screen.
LT-B1
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Last
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Mkt cap ! $30.55M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $46.03K | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 531077 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 37946829 | 39 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 3398805 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
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