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Rajenp5

2,421 Posts.

19

23/03/21

19:49

Post #: 51984635
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Originally posted by Alf107: ↑

Have too agree that this is a significant discount, it reeks a bit of desperation selling at 90c.
Sure the volume of share traded at the $1.50 mark has been low but there is a reason for it, no one wants too sell.
It was the end of February when someone sold at $1.50. Prior to that most sales were at $1.25.
If we use the $1.25 as a fair but conservative SP as the base. The CR discount is done at a 28% discount, this is a significant discount.

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And the only reason they have been able to do so is cos they are unlisted. They have referred to this particular investment in the last 2 AGMs at least. Seems likely the investor has been well rewarded for hedging its bets. Huge discount and well in the money already. So ASX. And disappointed in Gordon and co who fly their ethical flag high. Expect it of Rick, ASX chairman etc, tho

Last edited by Rajenp5: 23/03/21
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