I feel it is most likely a Take over offer. Insiders knew about it yesterday and shorters pushed the price down to make the lowball offer more attractive.
AFR have shared a headline that EML has paused trading and have re-shared their previously article of possible takeover from 17th July.
Ann: Pause in Trading, page-15
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 (20min delay)
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Last
98.5¢ |
Change
0.055(5.91%) |
Mkt cap ! $366.7M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 99.0¢ | 96.0¢ | $855.3K | 881.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8147 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.5¢ | 2299 | 4 |
View Market Depth
| Last trade - 11.19am 19/06/2024 (20 minute delay) ? |
| EML (ASX) Chart |