Because he can take it over on the cheap (according to Independent experts assessment and 3 Perth broker valuations) by this creeping technique of placements and oppies. A bid would cost 2.5 - 3.5 cents on a guess.
Especially after this damaging consolidation post Yes vote and the already weak liquidity is exacerbated. Companies ONLY need to reconstruct if they can't raise cash. The expanded Issued capital excuse they fed you is disqualified by countless cashed-up examples of massive issued caps on market.
What's the next placement going to be priced at by T and mates when they control .. 70% (ballpark) of buy/sell liquidity? I'll be optimistic and say 10-12 cents. It would be impressive only if you owned stock in Mr T.
(disclaimer) IMHFO.
Ann: Additional Undertakings from Mr Tserenpuntsag, page-7
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Last
32.0¢ |
Change
0.030(10.3%) |
Mkt cap ! $162.4M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 32.0¢ | 28.5¢ | $82.98K | 270.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2580 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 61425 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AKM (ASX) Chart |