That cross trade is bizarre! Why Sell the majority of their holdings at 4.5c when they have been able to sell at 6c on market? Thats a 25% discount which is much larger than a normal company capital raising discount.
I'm sure most investors here would be over the moon to be able to buy at 4.5c today!
I certainly would not be happy if I had money invested in their fund!
Interested to see who bought and if they will hold for the long term or sell quickly for some short term profits.
ALC Chart, page-2311
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