IMO the largest problem is the the fear of buying much beyond the the takeover value of 58cents. Given the CPP's ability to override Chinese Boards and individuals desires if it is in the best interest of Chinese interest. If the CPP step in Zhaojin's offer could very well give them more than a 20% holding. Given this my own holding has recently been bought at an average of around 61.5c but i would be hesitant to pay much more.
Going by Decembers production of 13,781 divided by 26 days times 31 days gives a potential of 16,431 ounces for January. This if announced within the next three days could very well be the end of Zhaojin's 58 cents offer and a catalyst for a substantial rise in share price and confidence.
IMO the largest problem is the the fear of buying much beyond...
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Last
67.5¢ |
Change
-0.005(0.74%) |
Mkt cap ! $769.0M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.0¢ | 67.5¢ | $2.118M | 3.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 116235442 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 32184119 | 111 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
Change
-0.005 ( 0.37 %) |
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| Open | High | Low | Volume | ||
| 67.8¢ | 68.0¢ | 67.5¢ | 938003 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| TIE (ASX) Chart |