I imagine the halt has to be worded in a very neutral way so as to give no indication one way or the other. I don't think we can read anything into the wording.
I also wondered about a simultaneous T/O bid. There could have been someone in discussion with BOT for a while with the idea that they will make a T/O bid upon approval but before trading begins/? ....or is that virtually insider trading.?
Ann: Trading Halt, page-172
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Last
36.5¢ |
Change
-0.015(3.95%) |
Mkt cap ! $674.2M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.0¢ | $1.637M | 4.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 664508 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 482441 | 9 |
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| Last trade - 11.51am 19/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |