Just to be sure, are we talking about the announcements: Ceasing to be a substantial holder for KAI - http://www.asx.com.au/asxpdf/20160815/pdf/4399z5y55r8hn5.pdf and Ceasing to be a substantial holder for Orinoco and http://www.asx.com.au/asxpdf/20160815/pdf/4399z7x93411tw.pdf
If so - market compliance has to report when the are no longer a majorshareholder - which is when they fall under 5%.
Normally the report will indicate the number of units sold and the differences, or in this case, the units havent changed, but the shares on issue at the companies - OGX, KAI have increased, such that TYX share is diluted below 5%.
Now its a shame that OGX shares have over time dropped from >10% to <5% but do please remember that the amount of shares they hold is the same, and they paid 8c for them, at around $1m. So they still have a $2m return, and hopefully over a bit more time, will still grow in value. Of course I'd rather they still had a 10% share, but OGX has needed money to get to where it is, and I'd rather have 5% of a success, than 10% of a failure.
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Just to be sure, are we talking about the announcements: Ceasing...
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Mkt cap ! $14.79M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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12 | 7559596 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 12983293 | 24 |
View Market Depth
No. | Vol. | Price($) |
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12 | 7559596 | 0.004 |
12 | 7140758 | 0.003 |
8 | 6838897 | 0.002 |
8 | 17588888 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 12923293 | 23 |
0.006 | 4565567 | 8 |
0.007 | 983500 | 3 |
0.008 | 1372154 | 5 |
0.009 | 18962 | 1 |
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