Certainly not out of the question. Tightly held , illiquid shares are easy to push around.
The price could be purposefully subdued so that when an offer comes along it looks like a massive premium to share price. Harder for management to defend not accepting a 100%+ premium to current price . Andean management fended of many low ball offers around the time of the GFC , they held out for much greater rewards. Amx management likely to do the same and i think having Macquarie handling the offers provides some further protection from hostile moves.
They would be trying to hold this price down for as a long period of time as possible , so people would easily bow down to just about any offer.
Just another theory of course. ....
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.42M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4599 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 29356 | 2 |
View Market Depth
| Last trade - 07.02am 23/06/2025 (20 minute delay) ? |
| AMX (ASX) Chart |
Day chart unavailable