Looking ahead to the next 6 months let’s hope that we don’t see positioning for a deal with a big player for a takeover via a Scheme of Arrangement. While it would be very difficult if not impossible to prove impropriety by our current Board and executive management, if it eventuates during a long period of suppressed share price, it may be fashioned to look like a knight in shining armour deal. They take time and need executive management to be on board to really work. But the independent experts report will be pivotal and if there really are options for the company to move forward without a takeover under an agreed scheme then that will flush out. Look at the time lag occurring currently on the deal for Brookfield to takeover Origin Energy as that is now slipping again and now into 2024 when courted late 2022 and scheme signed earlier this year. There is a very compelling post on Liontown from Dynofish, as it shows some of the same possible issues for us were management to do a deal. There is much more to transpire with CXO but if we see a takeover attempt via a scheme then perhaps the roots started to grow here. Let’s hope that shadow boxing now can be laughed about in 12 months time rather than being a foretelling of our future. GLTAH.
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Last
11.8¢ |
Change
0.003(2.17%) |
Mkt cap ! $246.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $117.3K | 1.007M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
97 | 5881040 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 2860388 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
96 | 5639501 | 0.115 |
125 | 7236539 | 0.110 |
78 | 4258930 | 0.105 |
157 | 10226434 | 0.100 |
8 | 320297 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 2860388 | 34 |
0.125 | 3415279 | 41 |
0.130 | 5179140 | 46 |
0.135 | 3840450 | 43 |
0.140 | 2775505 | 34 |
Last trade - 10.56am 15/10/2024 (20 minute delay) ? |
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