What is the concensus,
Can't see the share price reaching 60c so I'd have to say the underwriting is a takeover attempt by stealth.
Is it going to get past the FIRB - probbly not given the history.
So the price factors have got to be
+ potentially some funding coming in
+ sale of ore to somebody
+ legal action for damages
- poor price for ore
- no takeover premium
- 10% discount to customers into the future - going to be higher than $40 you would expect.
- funding could fall through
Given the options I would have thought the shareprice would move to around 50c today.
If they gain > 20% stake do they have to bid for other shares at the price that aquired the current shares at?
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are the 60c options just for show...
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.3¢ | $209.4K | 572.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 183626 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 207716 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 183626 | 0.365 |
16 | 311848 | 0.360 |
10 | 192883 | 0.355 |
12 | 216220 | 0.350 |
7 | 100263 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 207716 | 36 |
0.375 | 76461 | 5 |
0.380 | 125092 | 8 |
0.385 | 54386 | 3 |
0.390 | 166981 | 5 |
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