GPR 6.25% 3.4¢ geopacific resources ltd

Geopacific Resources Ltd (Geopacific ASX: GPR) notes that...

  1. 126 Posts.
    lightbulb Created with Sketch. 6
    Geopacific Resources Ltd (Geopacific ASX: GPR) notes that Pacific Road Capital has today sold its 6%shareholding in Geopacific on market to a range of existing institutional and sophisticated shareholders.

    I think this is a tad misleading.  Why is it relevant ? Because Pacific road just wanted out, a broker made a price for the stock and did an on market block trade. It was not a placement as suggested above. That's who is selling. They have been selling since 7/9/18 patiently at first  now they are just  getting out of the balance.   It's what banks and brokers do, that's why the price of 1.8 cents for the 6% was at a discount, 25% as market was 2.4 cents.

    Should be finished soon. Then up
 
watchlist Created with Sketch. Add GPR (ASX) to my watchlist
(20min delay)
Last
3.4¢
Change
0.002(6.25%)
Mkt cap ! $25.17M
Open High Low Value Volume
3.3¢ 3.4¢ 3.2¢ $3.311K 101.1K

Buyers (Bids)

No. Vol. Price($)
3 928000 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 214180 2
View Market Depth
Last trade - 15.33pm 06/11/2024 (20 minute delay) ?
GPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.