So the cat is out of the bag (as many here thought), WAL were the indiscriminate seller presumably through December at any price.
ASX turnover in Dec to 22/12 was 7.7m shares, WAL disclose sales of 6.5m (presumably Dec).
As a matter of principle I have sent a request for an investigation to ASIC detailing WALs disclosure today and WALs apparent ongoing disregard for S671B of the Corporations Act - as a matter of principle because I dont expect ASIC to do anything.
Secondly as a matter of principle I will be voting against resolution 2 at the EGM that seeks to ratify the purchase of Burnett on the basis that 1) IMHO CLR would do well to focus on Mabbin Creek and 2) WAL will receive 7.6m new CLR shares as consideration / Macarthur & Noble owned Burnett but passed it over after they had a look at it - perhaps not as prospective as WAL have made out to CLR.
I have no problem with anyone selling their shares in CLR (and WAL have done well to monetise their properties through CLR)but if you are bound by rules and disclosures then you have to follow them. IMHO WAL have demonstrated a total disregard to these and the shareholders of CLR / duty of disclosure.
So the cat is out of the bag (as many here thought), WAL were...
Add to My Watchlist
What is My Watchlist?