From SFR's perspective the purchaser is important. If it was someone like Glencore increasing their copper assets, I'd expect a jump in price of SFR shares as everyone would be expecting a T/O. If it was Glencore they would make a T/O offer really quickly, subject to FIRB approval.
If it's a group of institutions, then the shareholder list is wide open for anyone wanting to purchase a cashflow positive business with huge upside.
Not having the 19.1% holding hanging over SFR's head will be good for newer shareholders, those that bought below $5.
This explains Wednesday's action that went against the market as a whole, after opening at $4.
Ann: Trading Halt, page-12
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Last
$10.34 |
Change
-0.100(0.96%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
