no they didnt.
They came back at the bottom of the market. even without their bid its possible that fms would be in the 1.2-1.5 range just gauging by its peers. So while the TIO bid raised the share price it also limited it for a while too. I believe the action above 1.3c tells you the market expects an increased offer of some kind. Their bid was opportunistic and is not really offering a premium to fair value.
Many stocks are 3 and four baggers from their bottom. My guess is a fair price is somewhere between 4-5c but that will be disputed by many of the long term holders here.
cheers contra
Thoughts, page-15
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Last
80.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 18036 | 5 |
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| Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
| RHK (ASX) Chart |
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