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4.55%

2.3¢ hexagon energy materials limited

Unlikely to be explained by an Estate selling as it's being done...

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NZPepsi

69 Posts.

29

26/02/19

08:59

Post #: 37566088
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Originally posted by william3874: ↑

It could be a large deceased estate selling, that would explain not being to fussed about what price they get. Possibly something left over with that dodgy Chinese deal back in the day? Maby selling due to the foreign wealth rules China brought in to keep money in the country (this may just be property though not to familiar).

If it is holding the price down for a cheap take over offer, does anyone know where we stand with MIN getting a 51% stake? Would this mean they have the deciding vote? Or is it just a stake in the Mine, no say in the acquisition of HXG? Further do you think MIN can sell their Share of the Mine?

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Unlikely to be explained by an Estate selling as it's being done in a targeted manner.

Also re your comment about MIN's 51% stake, they only own 10.5m shares which equates to 3.61%. Basically a passive shareholder. The 51% you refer to is a profit share arrangement not shareholding.

HXG Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$24.45K	1.092M

Buyers (Bids)

No.	Vol.	Price($)
1	37	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	326201	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.024
2	386221	0.023
2	147000	0.022
5	1217500	0.020
2	54368	0.019

Price($)	Vol.	No.
0.025	498695	1
0.026	289259	4
0.027	396549	3
0.028	281127	2
0.029	50000	1

Last trade - 15.36pm 06/11/2024 (20 minute delay)

HXG (ASX) Chart