RUM 8.70% 2.5¢ rum jungle resources ltd

I can't understand the logic in that? they lodged a notice on...

  1. ds
    7,132 Posts.
    I can't understand the logic in that?

    they lodged a notice on the 12th that they ceased to be a substantial holder ie they are not anymore. If they crossed them then it would just have been a change notice with different legal entities named.

    The only logical conclusion is that they sold in a placement deal but to multiple holders that are individually under 5%.

    are you basing your thinking on something discussed with the company or another source or just you interpretation of the announcement?
 
watchlist Created with Sketch. Add RUM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.