They obviously rejected it as inadequate for the near future prospects...and rightly so in comparison to other deals.
Stock was around $1.60 and had already been as high as $1.80 prior Sumi, so $2 at time wasn't much of a premium.
Language from CYP has been quite clear they did not accept $2.
Sumi didn't walk, they might still be looking and watching developments I'd say.
2020 - A Year Full Of Potentials, page-115
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $52.09M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 29.0¢ | 27.0¢ | $12.06K | 43.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5825 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 4998 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CYP (ASX) Chart |