GBE 0.00% 5.4¢ globe metals & mining limited

The problem with this stock it appears that GBE recently issued...

  1. 9,286 Posts.
    The problem with this stock it appears that GBE recently issued 20m shares at 26 cents to some dodgy customers.

    6 million shares where placed with TPG-Axon Capital Management. TPG-Axon Capital Management is a $9.7 billion hedge fund run by the former Goldman Sachs partner Dinakar Singh.

    TPG needed to sell another 600 shares to cease being a substantial holder. They have not issued a notice yet.

    It appears there are other dodgy sellers apart from TPG.

    The following is total sales compared to TPG sales:

    19/10 .....643,000
    20/10 .....883,000
    21/10 .....374,000
    22/10 .....1,465,000
    23/10 .....1,008,000
    26/10 .....151,000
    27/10 .....681,000
    28/10 ....240,000
    30/10 ..... 80,000
    02/11 .....271,000


 
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