Assuming a script offer gets done - id imagine this might put a nunber of MEP holders overweight ADN and some could look to sell down. These headwinds together with shorters will be challenged by those seeing the huge uptick in value created by ADN 100% ownership. Trading parcels might sell and ADN share price could decline.
Money on the sidelines ready to deploy makes for happy hunting. Get in before the shorters cover!
in the interim MEP should move based on how pretty the offer looks. ADN likewise.
Fun times!
Anything could happen.
Ann: Trading Halt, page-219
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $23.75M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $14.34K | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 29116227 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 16375466 | 25 |
View Market Depth
| Last trade - 15.59pm 30/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |