Those massive giveaway of value to larger institutional shareholders shows a favourtism towards the big end of town by the directors - but smalle shareholders seem eager enough to be lined up and shot so why not.
The fundies fund the cash raising so a certain loyalty can be shown and the ASX doesnt set a limit on the amount of discounted prices that can be charged just the 15% cap otherwise requiring shareholder approval - the point is if this pattern is recongized and i spotted it and avoid HDR for that reason then i wont be burnt but the more idiotic investors might take some losses
Solution - stop loss orders to limit such event based price moves can inflict or if you are sitting on a profit a trailing loss anywhere from 2-15% depending on profits taken already and yorue risk profile.
HDR
hardman resources limited
