I'm not so sure it's Greywolf @351gt... I think they must've ended up voting yes based on the total votes registered for and against. Probably their public "no stance" was posturing to hope for a better offer which didnt come.
There was a lot of buying of SGI shares in the final 3 days which I would think were traders looking to arb the circa 35% differential in SGI/CYL share prices given the deal had gone through but SGI trading hadn't stopped. Could also be these people now selling out of their newly acquired CYL shares at a profit.
Whatever happens short term on share price, I believe once we start seeing the impact of the consolidation that we'll rerate quickly.
News: CYL Catalyst Metals Says Non-Executive Chairman Stephen Boston Will Transition Off Catalyst..., page-3
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Last
$1.77 |
Change
-0.010(0.56%) |
Mkt cap ! $397.5M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.81 | $1.72 | $1.288M | 725.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 550 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 1937 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |