QLD govt wanted 34% but has money to buy another 6% to take it too 40%. The reason was to greenshoe the float and keep the price propped up till the market ingested the large float.
Well done and goodluck to those who bought... It can sit at this price while the aussie dollar falls 5 - 10 percent so the o/s investors picks up on the currency gain rather than the share price... but if they want to take their money what happens then to the price?
QRN Price at posting:
$2.65 Sentiment: None Disclosure: Not Held
