RE: Prem19 Aug 2024 11:35
Some chunky trades going through after that TR1 announcement
odd though, seems to be a change to what last RNS stated that the shares would be held in trust and sold
but the TR1 would suggest they were just given to china zenith outright
the chunky trades of large round numbers 10 mill, 25 mill, 40 mill etc would also suggest china zenith selling them straight away to get their money - which would make sense - but in that case why is the SP going up and not dropping?
mm's playing a blinder getting the max value for them? or some of the market excited seeing a TR1 and piling in, not realising this is to settle china zenith debt?
#confuselled