I am not surprise if step 1. is already in play.
Any investment bank, JPMorgan, Macquarie e.g. can
step 1 depress the share price.
step 2 accumulate at low price.
step 3 offer the shares to whoever like to takeover, like Newcrest, or some hedge fund, and make a fat profit.
$3.90 valuation by GS updated, page-367
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 26.0¢ | 23.5¢ | $1.471M | 5.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 514634 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 422329 | 38 |
View Market Depth
| Last trade - 14.42pm 20/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |