It would be cheaper for shougang to buy ADY pre-split then sell of the assets they don't want.
In real terms if they purchased ADY at say 75c which would get them a controlling stake today imo, flick of the Rincon project for say 50c per share (worth AU$125 at pe of 10), they could own the IO project for about $300 mil. what a bargain!
A takeover is a very real possibility, and if I had the resources thats exactly what I would do.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 587145 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 700049 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 587145 | 0.009 |
5 | 1350953 | 0.008 |
6 | 590102 | 0.007 |
6 | 1400000 | 0.006 |
8 | 2256449 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 700049 | 4 |
0.011 | 1317430 | 3 |
0.012 | 201360 | 1 |
0.013 | 200000 | 1 |
0.014 | 200000 | 1 |
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