There is not enough liquidity in the WGX market for Van Eyck to liquidate its 5% holding. They are reportedly moving to the big end, of gold miners possibly for this reason. Flexibility? It may be a while before they are done but they are shooting themselves in the foot selling so hard in this market. Reducing their asset value quite a lot. On the other hand it creates an opportunity for those willing to hop in and buy from them and wait till their selling is done. Other things being equal, this should result in a rise of say$0.50c-0.70 other things being equal.
Don't know how their portfolio managers will feel when the price jumps hard as soon as they have sold out..... Doh!
Heads up ...., page-6
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Last
$2.80 |
Change
0.030(1.08%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.82 | $2.76 | $9.255M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11822 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 48779 | 5 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
