While on the surface this deal may look very attractive to a drowning man, this deal in my opinion is not particularly good for our company in the medium to long term. Any entity which controls 20-25% of the company virtually owns the company. If our new saviour moves to 25% of our company it will not be long before the board is theirs and at that point myself and all other shareholders can kiss their RRSSSS goodbye. I also question how they will be able to take up in excess of 20% of the company without making a formal take over bid. I have no trouble with them investing to a point however if in excess of 10% we should exercise extreme caution. Wake up and smell the roses? Norm
not quite what it seems
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $438.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $330.8K | 1.748M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 1539841 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 548610 | 11 |
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| ARU (ASX) Chart |