I don't really see a 'low ball' takeover as much of a risk here. The management own 15% and the Top 20 own around 57% and people with 100k+ shares (92 club) own about 74% of the company as of the annual report last year. Since then I think a number of people with large holdings have increased their position - I certainly have.
If TO offer comes along they are going to have to pay up big to get my shares.
Ann: Goongarrie Nickel-Cobalt Project Pilot Plant trials commence, page-10
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $17.98K | 46.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76960 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 72533 | 3 |
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| Last trade - 14.08pm 08/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |