I don't think they can start negotiations on a corp transaction until the technical results are released, they certainly cannot progress them.
takeover laws are designed to further three main takeover principles:
a. the acquisition of control takes place in an efficient, competitive and informed market;
b. target shareholders have a reasonable time to consider a control proposal and know the identity of the proponent, and
c.target shareholders are all treated equally under any control proposal.
a. is most relevant - until the technical results are released, it is not an "informed market".
https://www.minterellison.com/articles/summary-of-australian-takeover-laws
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $59.76M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.8¢ | $50.39K | 1.732M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1764366 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 205994 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1765613 | 0.028 |
21 | 3019388 | 0.027 |
26 | 2358730 | 0.026 |
29 | 6377899 | 0.025 |
17 | 3127887 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 205994 | 5 |
0.030 | 508268 | 3 |
0.031 | 1882209 | 5 |
0.032 | 1891569 | 7 |
0.033 | 1200000 | 5 |
Last trade - 11.17am 22/07/2025 (20 minute delay) ? |
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