HXG 8.70% 2.1¢ hexagon energy materials limited

Board changers, page-6

  1. 217 Posts.
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    Yep. Great boardroom outcome. It's like classic corporate clean out with share px dropping and the new management happy to see px low initially. A bit like the new MD in a bigger world seeing px down then getting granted all the stock options at the low. Difference here is no meaningful options so has to be share px. I know of some pretty decent buying that was targetting above 20c and now are very happy to sit back and just let this cheap stock fall into their laps in dribs and drabs for whatever reason. In % terms one in particular is a bit gobsmacked their fund can pick some up at a 25% discount to their initial target pre the post PFS roadshow. Ah well ...thats the market for you - good luck to em!!!
 
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