Jetballs,
I dare say it's a possibility, but I doubt they will for now. They aren't on the FAS substantial holders list, I would imagine if that were their plan, they'd buy up at least a 15% stake in FAS first.
I believe their target to be GWR, FAS is just a thorn in their side at present, keeping them from obtaining Wiluna west as a future stockpile at a heavily discounted price.
Although no one likes dilution in their stock, I believe that the only way forward for GWR to protect it from hostile takeovers is liquidity. The more shares, the more diverity in shareholders, the harder it becomes for a predator to move in. It may reduce our overall profit margin in the short term. In the long term it at least ensures us that there will be a GWR from which to make a profit.
Regards
Sir Incognito
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Last
7.5¢ |
Change
0.001(1.35%) |
Mkt cap ! $24.09M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.3¢ | $21.90K | 298.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 137136 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 137136 | 0.073 |
3 | 177776 | 0.072 |
2 | 115000 | 0.071 |
2 | 139285 | 0.070 |
2 | 275000 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 700000 | 3 |
0.081 | 101252 | 1 |
0.082 | 100000 | 1 |
0.090 | 2315 | 1 |
0.100 | 91375 | 2 |
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