Probably an unintended consequence, but they effectively saved the co from the Perennial dummy spit.
Question is what would Perennial done if they got the two board members in. - probably partake in the CR themselves to get control, then set about reversing the GC21 / MQB deals which they were clearly unhappy about, then embark on asset sales? Was it them who pushed the price down from 4c to 1c in the time period from signing the MQB deal in November to the CR in March in and attempt to get control? Did they know the CR was inevitable and set out to create a cheap entry via the CR? Certainly the selldown intensified in the final weeks.
Capital Management, page-24
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $4.537K | 348.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 12486048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14711861 | 16 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |