The premium required for a buy out would need to be huge.
I understand a take over requires around 70% of share holders to participate, directors and associations hold around 50% of the company if my failing memory is correct,( holding way to many stocks and have trouble remembering who’s who and who owns what).
So I really comes down to who would vote for a takeover as we all have a voice. From all I’ve heard they would like to take it to mine.
But.. I mean but, an offer come through in 2022 for that value it’s 10 bags for all of us from here.
Food for thought, I would prefer the going to mine concept but I have my doubts, a huge offer would most likely be excepted by the major stakeholders and most shareholders.
Thoughts for the night people.
Best wishes and good luck to all, I’ll just say how nice it’s been to see some long due SP appreciation on this gem of a stock.
Go GLN.
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $70.93M |
Open | High | Low | Value | Volume |
13.5¢ | 14.5¢ | 13.5¢ | $142.2K | 1.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 280102 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 128633 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 280102 | 0.140 |
9 | 735019 | 0.135 |
21 | 497058 | 0.130 |
11 | 355907 | 0.125 |
10 | 748752 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 128633 | 9 |
0.150 | 1198365 | 15 |
0.155 | 275106 | 6 |
0.160 | 211334 | 5 |
0.165 | 20000 | 1 |
Last trade - 13.44pm 20/08/2024 (20 minute delay) ? |
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