Von wrote: "The fact they didn't screw Cokal suggests maybe they intend to take it over which would be far less drama and gauranteed securing of the asset, as they would only have to bid 40% of the register"
The Platinum takeover - at prices well below the so-called 28c valuation implied by Blumont in late 2013 - is a scenario I publicly intimated on many occasions last year. It was not always favourably received by some on this forum because it wasn't something we liked to think about. Sadly, it could very much be the case.
Like I also said on more than one occasion last year -this is not a bad little project...but will CKA shareholders get the benefit of the profits it may one day generate?
Price, page-41
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Last
8.1¢ |
Change
-0.003(3.57%) |
Mkt cap ! $87.39M | |||
| Open | High | Low | Value | Volume |
| 8.9¢ | 8.9¢ | 8.0¢ | $70.03K | 836.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128999 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.1¢ | 307055 | 1 |
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| CKA (ASX) Chart |