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I think they are using the subscription shares to suppress the rise, by dropping into the market if required, so that bigger orders can be filled. Large investors, funds etc.
We’ve to wait until they are done I’m afraid.
Why have NT if there’s millions to be bought.
Reason is there isn’t. It’s a genius way really. Fund, suppress, fill then release and make shed loads on the guaranteed GL. It is pretty nailed on.
….. if no-one can get a decent quote for 100-200k shares with it going NT, where are the subscription shares going? Off book orders being filled and reported?
Makes no sense to have a load of shares to offer and not to sell them.
Cheers for that.
It’s from June last year. A lot has changed since then including the governments stance on own fuel.
I’ll have a proper read later.