Or it might just be that they know what's around the corner with respect to the much touted ' Industry Consolidations ' . Remembering Galaxy is yet to receive their approx $275 odd million - so an investment at .13 in order to perhaps double your money to .26 , plus the in the money attaching options if this were the case is not a bad return - particularly when you weigh up the minimum downside risk from .13.
Purely hypothetical of course , but keep in mind .26 would be just shy of the .29 cent level when the BOD advised following the corporate review that there would be no further discussion in regards the ' Controlling Stake '. Surely anyone who buy's at these levels would be thinking the same thing and following their lead........
Ann: Altura To Undertake A$28 Million Financing Package, page-159
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2.8¢ |
Change
-0.003(9.68%) |
Mkt cap ! $8.486M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.0¢ | 2.8¢ | $13.15K | 453.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 142985 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 361122 | 7 |
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