Ann: Huayou Cobalt Group Increases Shareholding in AVZ, page-192

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Chillaxed

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20/03/19

15:42

Post #: 37826543
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Originally posted by eshmun ↑

Yes you have to wonder about a system of regulation which allows a company to announce that

"Huayou International Mining (Hong Kong) Limited, (“Huayou Cobalt Group") has purchased additional shares on market to increase its shareholding in AVZ to 9.49%."

and two days later the statutory annoncement pursant to law is made by Huayou which actually reveals their shareholding has decreased since their last notice. So what if they bought shares, the net effect of the disclosure reveals a decrease in ownership of 1.71%.

And the apparent reason for the non-market sensitive announcement that sent the share price up 20% was to thank Huayou for their continuing support for the Manono project.

According to the notice filed today Huayou tipped $1 million into the placement at 3.8 cents and bought $193,500 worth of shares at 4.5 cents.

I would have thought if Huayou were supporting the share price and the company they would have been buying before the SPP was announced.

The fact is that based on a non-market sensitive announcement that didn't disclose the number or amount of shares that Huayou bought on market and rumours about a takeover more than 60 million shares were traded before the real facts came out in the statutory announcement. All that volume based on Huayou's on market purchase of 4.3 million.

Scratches head and thinks well played Pattos. Esh

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What about the fact you have overlooked or chosen not to disclose.....and that is HC have increased their holding by 30mil....from 186mil to now 216mil......scratches head and wonders why you would not include that fact......maybe It doesn't fit the message you are pushing

AVZ Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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Ann: Huayou Cobalt Group Increases Shareholding in AVZ, page-192

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