I do think it is brave to buy in now, given the announcement TIO made which is going to make it very very difficult from a legal perspective for them to make any subsequent increased offer. I have no idea what is going to happen now. But one scary possibility is that they will just get to 50%, the offer will close, the SP will go down (because besides existing holders, who in the market would want to buy into a 50% owned company?) and Todd will just sit for a very long time (years) and smoke shareholders out via pure frustration.
I am not selling though.
Ann: Second Supplementary Bidder's Statement-FMS.AX, page-35
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Last
75.0¢ |
Change
0.030(4.17%) |
Mkt cap ! $149.8M | |||
| Open | High | Low | Value | Volume |
| 74.5¢ | 75.0¢ | 74.5¢ | $18.27K | 24.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11103 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 792 | 1 |
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| Last trade - 12.48pm 13/11/2024 (20 minute delay) ? |
| RHK (ASX) Chart |