Personally I think with SRE buying large chuncks recently and needing a cash cow that they will make a takeover bid to control it probably via issue of shares to take it over(most likley), if they consolidate it at 1 to 10it will be close to the SRE share price and they can issue 1 for 1 for the remaining scrip that they havent bought for peanuts any ideas how this would affect the price if thats the case?,
Also re the announcement released on the copper project. Based on the the net present value of project as stated in the announcement $93million divide that by shares on issue-1,284,244,317 =7.24c share
That would make it a bargain to take over and provide valuable cash flow
consolidation of capital 1 for 10 , page-19
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Last
0.3¢ |
Change
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Mkt cap ! $3.632M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.249K | 1.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 12498495 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3331273 | 11 |
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| Last trade - 15.32pm 15/11/2024 (20 minute delay) ? |
| NTM (ASX) Chart |