I suspect that JC had time pressure to sell the shares; the deal was struck at around $3.30 at a time when the shares were above $3.70 and rising after the completion of the SPP. JC continues to hold heaps of shares so I suspect he was happy with what he saw at the time as a small sacrifice to address a short term issue.
Obviously, leading up to JC's transaction and after the deal went through there was a reversal in sentiment, be that from JC selling, a global downturn, BG selling and confirming that he's got a huge number of shares that he's still willing to get rid of anywhere above $3. (@tigers2008 an excellent point that @OTG data show that "the RAC longs can get an unlimited supply of shares at pretty much $3".
It feels that without overwhelming news the BOTs and sophs can manage this until we get through another 50 million shares traded (12% of 50M = 6M BG shares)?
I'll stick with the conviction that there's enough information in the market to justify a much higher share price already (cancer FTO, Cardio-Protection with anti-Cancer enhancement, Type-2 Diabetes)
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Last
$1.59 |
Change
0.010(0.63%) |
Mkt cap ! $270.9M |
Open | High | Low | Value | Volume |
$1.60 | $1.60 | $1.56 | $168.3K | 106.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.60 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51 | 1.555 |
4 | 54981 | 1.550 |
1 | 700 | 1.520 |
1 | 2750 | 1.510 |
3 | 7984 | 1.505 |
Price($) | Vol. | No. |
---|---|---|
1.600 | 20000 | 1 |
1.620 | 2000 | 1 |
1.685 | 5000 | 1 |
1.690 | 6570 | 3 |
1.695 | 7731 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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RAC (ASX) Chart |