Insideman you make zero sense. If you plan on buying with script you don't push the sp down! To the contrary, you lift it to use less shares!
None of you guys have made any sense in terms of TS' strategy so far!
How about these hypotheticals:
1. TS puses the sp up around the Marree anouncement to get as many of the existing option holders to convert so CXU get more cheap funds.
2. Then he starts pushing the sp down to acquire EMX and water down the holdings of existing shareholders.
3. With EMX as allies and the existing share holders from way back below 10% of all outstanding shares (excl of EMX) TS offers to buy all outstanding shares.
4. EMX sells, TS then has more than 90% and forces us to sell and takes CXU private
5. TS makes a fortune selling off CXU (Uranium) and CXU(Minerals) as two separate companies.
This does make sense. Will it ever become reality - who knows?
takeover offer, page-4
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.90M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.4¢ | $38.56K | 2.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1523738 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1183214 | 2 |
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| Last trade - 15.58pm 15/11/2024 (20 minute delay) ? |
| CXU (ASX) Chart |