I feel it is most likely a Take over offer. Insiders knew about it yesterday and shorters pushed the price down to make the lowball offer more attractive.
AFR have shared a headline that EML has paused trading and have re-shared their previously article of possible takeover from 17th July.
Ann: Pause in Trading, page-15
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 (20min delay)
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Last
99.5¢ |
Change
0.065(6.99%) |
Mkt cap ! $373.2M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | $1.00 | 96.0¢ | $2.995M | 3.047M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 98.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 12196 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| EML (ASX) Chart |