Waislitz was sitting on 13.5m shares at an average of around 30c, having started buying at 40c. Let’s assume he took a lion’s share from the CR with additional 3m shares, his average is only down to around 28.5c.
If you were him would you not buy in at the CR and go long like he did with CRD, or risk someone else mopping up down low and blocking him up later down the track?
Gray has been topping up on its way down from 34c, been long since pre IPO. If you were him would you even thinking about selling at this stage of the game?
I’d say majority of QFE is now locked up by top 5. Couple of fundies to pile in and bye bye player.
QFE Price at posting:
32.0¢ Sentiment: None Disclosure: Held
