OK, what a load of bull s*t! They have bought it to stop the deal IMO, it would be harder for them to take them over later, makes no business sense. IMO RIO has bought it to block and maybe scare off KAH.
I am back in as i have a hunch it is going higher, news confirms direction for me, and have discussed the options of the deals with my brains trust and we believe it is as above. I will predict a SP of 1.50-1.65 on these developments, loading up anywhere between 1.26 and the 500K at 1.20 :)
CK
controlling stake, page-10
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Last
1.1¢ |
Change
-0.002(15.4%) |
Mkt cap ! $18.42M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $88.31K | 7.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2074837 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1595413 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EXT (ASX) Chart |