Billionaire Gina Rinehart sold more than $10 million worth of shares in lithium aspirant Vulcan Energy according to a market filing that provides the first insight to her view of a high-profile, activist campaign against the company.
Mrs Rinehart’s ability to use her wealth to buy more Vulcan shares and protect the value of her existing stake was viewed as the major tactical risk for short-sellers betting that Vulcan shares would fall after they rose 79-fold between May 2020 and September 2021. Vulcan has ambitious plans to generate two revenue streams in Germany’s Rhine Valley sometime after 2024, by extracting hot, salty groundwater and using it to generate geothermal energy before extracting the lithium that occurs naturally in the groundwater.
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Rinehart joined Vulcan lithium sell-downSupport from the richest Australian was Vulcan Energy’s best protection against an activist, short-selling campaign. But even Gina Rinehart joined the sell-down.
Source: FinancialReview - 🏆 2. / 90 Read more »
Rinehart joined Vulcan lithium sell-downSupport from the richest Australian was Vulcan Energy’s best protection against an activist, short-selling campaign. But even Gina Rinehart joined the sell-down. But she still owns the VAST MAJORITY of her stake right ? Ohhh sure you don’t mention this as it doesn’t suit the AFR agenda. When will you lot actually print some real journalism instead of interpreting readily available asx announcements like they’re your own
Source: FinancialReview - 🏆 2. / 90 Read more »
Rinehart joined Vulcan lithium sell-downSupport from the richest Australian was Vulcan Energy’s best protection against an activist, short-selling campaign. But even Gina Rinehart joined the sell-down.
Source: FinancialReview - 🏆 2. / 90 Read more »
Rinehart joined Vulcan lithium sell-downSupport from the richest Australian was Vulcan Energy’s best protection against an activist, short-selling campaign. But even Gina Rinehart joined the sell-down. But she still owns the VAST MAJORITY of her stake right ? Ohhh sure you don’t mention this as it doesn’t suit the AFR agenda. When will you lot actually print some real journalism instead of interpreting readily available asx announcements like they’re your own
Source: FinancialReview - 🏆 2. / 90 Read more »