Geopacific Resources Ltd (Geopacific ASX: GPR) notes that Pacific Road Capital has today sold its 6%shareholding in Geopacific on market to a range of existing institutional and sophisticated shareholders.
I think this is a tad misleading. Why is it relevant ? Because Pacific road just wanted out, a broker made a price for the stock and did an on market block trade. It was not a placement as suggested above. That's who is selling. They have been selling since 7/9/18 patiently at first now they are just getting out of the balance. It's what banks and brokers do, that's why the price of 1.8 cents for the 6% was at a discount, 25% as market was 2.4 cents.
Should be finished soon. Then up
What’s happening!, page-28
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Change
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Mkt cap ! $25.17M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1204545 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 20000 | 1 |
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