Haha, that's what I was thinking as well.....
That aside, this is a pretty impressive announcement and one which should put the SP back on that upward trend, for a while at least....
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If you assume that the increase in price is because someone found out about this, rather than a seller finishing up, they the information was out and the continuous disclosure obligations weren't met.
The FMA should be looking into this to see if there was any main buyer and if they could have in anyway known this was in the works.
It may be dodgy. The reason I think the FMA should look into it (and hopefully give the all clear) is to give confidence in the market. The problem is the FMA (almost) never prosecutes so it is hard to have confidence in them. The Milford Funds allegation will be interesting to follow.
The FMA would be busy...they should investigate the run-up in SUM's price prior to their results announcement too.
Funny there is never a please explain when a SP is tanking!
So dilution & increase in costs is what I'm reading.
At least the CR was at a good level compared to where the SP has been trading, in fact quite a nice premium.
I almost jumped in when the SP was below $15! DOH.
Be keeping a close eye, on this but Rod Drury needs to reign in the sales spin & start delivering imo.
And stop increasing costs!
If there was anything dodgy why did the price slip so much yesterday