Appears that Stone is still buying CRE shares, with the price going higher as the number of shares for sale reduce.
By my calculations they are well over the 10% revised stake in CRE, so why continue buying into a company that could end up being delisted, or where the new Board is going to view you as a hostile entity?
If Stone have an intention to launch a takeover offer for CRE, then it is going to have to be a doozy for FML to even bother reacting (would however, give the FML share price a kick up on potential profit FML could make).
Is it some ploy to get a reasonably cheap entry into FML?
Is there some tie up with A1 Minerals in all of this?
Is FML the ultimate target?
Interersting days ahead, no doubt.
takeover progress, page-5
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
View Market Depth
| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |