Aflatoon, I don't know how much experience you have in the market but the undisclosed bids are arbitrage players looking to make a couple of cents by buying and accepting the bid. It is these guys who will drive the price below 40c if the takeover doesn't go ahead as they have to sell no matter the price as they are not long-term investors. They are not "third party interests" who will hold the price up. If the takeover fails they will be out of ECP very quickly.
By the way, I am not an ECP employee.
- Forums
- ASX - By Stock
- ecp to get hammered
ecp to get hammered, page-7
Featured News
Featured News
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online