yes Clark that's what you would expect but the three other shareholders have each bid against each other so they come out with 100% rather than working together to offer the lowest possible price.
Either they want to keep it for themselves which they appear to have the funds to do, or there is a third party buyer waiting in the wings willing to pay more than $62m so they can flip for a good profit.
SRK bid $3.2m for the project and would have forfeited their loan of $33.8m so they effectively bid $37m for the remaining 50% of the project.
so no the project is not valued at zero as SRK believed $37m was enough to win the shootout. But all three other parties believed its worth more as evidenced by their higher offers.
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.796M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 154 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 154 | 0.032 |
2 | 140050 | 0.030 |
1 | 210000 | 0.028 |
2 | 192465 | 0.027 |
1 | 120080 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 7500 | 1 |
0.035 | 34213 | 2 |
0.040 | 136107 | 2 |
0.045 | 4846 | 1 |
0.048 | 447334 | 2 |
Last trade - 16.12pm 10/09/2024 (20 minute delay) ? |
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