I think everything points to a transaction.
The sp isn’t going down - it’s been capped and isn’t going up. Which is what potential bidders would want.
And news is problematic at the point of negotiation around a price. I guess potential bidders don’t want surprises.
Cards are being paid close to chests.
The thing that disappoints is that no one has bothered to build a stake at 1-1.5c as a hedge or a counter bid.
It’s October. Not much longer to wait.
Ann: Entitlement Offer to raise up to $9.9 million, page-124
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Last
0.6¢ |
Change
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Mkt cap ! $20.38M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $71.81K | 11.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 10730612 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9523384 | 12 |
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| OSL (ASX) Chart |