I agree Red. No 3 most likely.
Ardea may be willing/looking to sell a stake in the company as an intermediate step towards strategic partner, and would have a $ value in mind for that based on the project value, not SP. A third party may decide its cheaper to buy that stake on market at this stage.
Option 4 is that we could also be seeing a history repeat moment - I believe Vale and BHP were both major shareholders of Heron in the build up to strategic deal - we could be seeing more than one party in the race with ARL now. If one entity grabbed all those Heron options off market, it would have given them a big head start in building a strategic position, and means someone else has to play catch up
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41.0¢ |
Change
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Mkt cap ! $81.86M |
Open | High | Low | Value | Volume |
41.0¢ | 41.3¢ | 40.0¢ | $16.98K | 41.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 101 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.400 |
3 | 16895 | 0.395 |
1 | 10000 | 0.390 |
2 | 20499 | 0.385 |
1 | 7878 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 101 | 1 |
0.425 | 3760 | 1 |
0.430 | 3255 | 1 |
0.435 | 2289 | 1 |
0.450 | 1150 | 1 |
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