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Why Did the Director of Queensland Pacific Metals Change His Securities Holdings? — ASX:QPM| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$QPM
Why Did the Director of Queensland Pacific Metals Change His Securities Holdings?
In a recent announcement, Queensland Pacific Metals Limited (ABN: 125 368 658) disclosed a change in the securities holdings of its director, Mr. John Arthur Abbott. The company provided this information to the Australian Securities Exchange (ASX) as required by listing rule 3.19A.2 and the Corporations Act.
What are the Relevant Changes in the Director's Securities Holdings?
Prior to the change, Mr. Abbott held the following securities:
200,000 fully paid ordinary shares
1,000,000 unquoted options exercisable at $0.275, expiring on 30 November 2024
217,391 Performance Rights related to obtaining FID for the TECH Project
After the change, his updated securities holdings are as follows:
450,000 fully paid ordinary shares
1,000,000 unquoted options exercisable at $0.275, expiring on 30 November 2024
217,391 Performance Rights
What is the Nature of the Change and its Value?
The change in securities holdings occurred on 29 August 2023. Mr. Abbott acquired an additional 250,000 fully paid ordinary shares, while no securities were disposed of during this
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change.
The value of these new securities holdings is estimated to be $15,750.00.
Why is this Disclosure Important?
The disclosure of the change in director's securities holdings is a regulatory requirement aimed at promoting transparency in the market. It allows shareholders and potential investors to stay informed about any significant changes in the ownership of securities by company directors.
What's Next for Queensland Pacific Metals?
As Queensland Pacific Metals continues its operations, this change in director's securities holdings does not have an immediate impact on the company's activities or business prospects. It is simply a notification of changes in personal holdings by one of the company's directors.
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L
Lykeshares
145d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
145d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
176d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
336 Views
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
316 Views
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
307 Views
1 Like
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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1 Like
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