Quote Originally Posted by carrom74 View Post
Another 12 million plus trades at the ASX. Some serious buying.

Closed at 14.5c

Should cross 15c at the NZX tomorrow.

Australia acquisitions announcement is anytime due now which should propel the stock more.
This time I think the 10,032,306 trade was a fund manager rearranging how shares were held. The crossing code was P1XT.

The ASX Market rules on page 69 are a bit confusing but the P1 code appears to relate to instances where a Fund Manager is moving Cash Market Products (a normal listed share?) between two different nominee's that are both on behalf of (managed by) the Fund Manager. I'm guessing therefore that moving the stock between say a growth fund and a balanced fund might create this trade.