Hopefully it was Passport ........ I could be wrong but I have assumed for some time now that they are a distressed seller having fallen victim to the market downturn. The other possibility is OZL.
Either way, the sooner these two once mighty high fliers clear off the register the better (easier) it will be for AQD to forge ahead later this year.
Of course I could be totally wrong. However we should get some sort of confirmation via a change of substantial holder notice soon enough.
The current share price of 9.3c versus (undiluted) cash backing per share of 12.7c points to an undervalued stock right now...... perhaps the big buyer today sees it this way too.
AQD Price at posting:
9.3¢ Sentiment: LT Buy Disclosure: Held
