? As per recent announcements Elemental & Dingyi have been in discussions since early 2012. Share price at that stage in the range around $1.40. ? Assuming E / D discussions commenced in March 2012 then since then: - Only once has in excess of 3 million (±1% shares in issue) been traded - Twice has more than 2 million (±0.7% shares in issue) been traded - Eight times more than 1 million (±0.3% shares in issue) been traded ? Therefore in ±300 trading days on only 11 occasions have in excess of 0.3% of shares in issue been traded. In the knowledge of the Dingyi discussions (as well as those with other potential suitors), how can the ELM board on such thin trade have possibly allowed the share price to have been manipulated below $0.30 cents and then still have the audacity to proudly announce that they have secured an offer at 126% premium to the 20 day trading average?
K2P Price at posting:
54.0¢ Sentiment: None Disclosure: Held
