I think we need to look at the basics:
Phase 1, complete.
Phase 2, complete.
Phase 3, Fast tracked.
What does this mean? It means, sharks are looming with very large cheque books and it is imminent.
Why would the share price drop on such wonderful possibilities? Simple, the buyer wanting a very large parcel understands how mum and dad investors operate. They scare, price drops, they fill orders. Rinse and repeat until the offer is on the table.
Our MC should be at least 1B. Do the math!
Deal Pending, page-229
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Last
$14.05 |
Change
-0.510(3.50%) |
Mkt cap ! $1.795B | |||
| Open | High | Low | Value | Volume |
| $14.38 | $14.42 | $13.94 | $6.419M | 454.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.07 | 6644 | 4 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |