Me too, I grabbed 4, in for a penny in for a pound.
Just browsed the takeover rules. It appears one party needs to own 90% of the stock before there is a compulsory acquisition. Below that level we get to choose whether to accept the offer.
I think the bigger issue here will be Molton will not want to sit back and see their investment squandered, so not such a bad thing. The more they have to take up the deeper they are in.
Really now its a bet on the macro environment imo.
Ann: Completion of Placement and Institutional Entitlement Offer, page-25
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Last
1.2¢ |
Change
0.001(4.35%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $186.2K | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2315954 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6349129 | 7 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |