JujuM,
"what complicates things for me is the possibility of a sell out at five cents"
Having attended and heard the comments from the directors today I don't think you need to worry.
Two points were made -
1. Directors are aware that in some circumstances it is in the shareholders best interests to accept an offer.
2. Directors believe the company is protected from a preditory/opportunistic offer because of the large number and the spread of shareholdings (many small holders who typically rely on the directors' recommendation).
The directors will be in a good position to know the value of any discovery/potential discovery, and in my view will not be rushing to take a quick profit and leave change on the counter.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26752 | 50.5¢ |
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Price($) | Vol. | No. |
---|---|---|
52.0¢ | 109917 | 4 |
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No. | Vol. | Price($) |
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2 | 42668 | 0.500 |
2 | 29755 | 0.485 |
4 | 113930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 109917 | 4 |
0.525 | 60000 | 2 |
0.530 | 60000 | 2 |
0.535 | 115000 | 3 |
0.540 | 131187 | 5 |
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