On another BGL thread, debrwa has indicated he seems to see some accumulating happening. I don't disagree.
I don't want to sound like a conspiracy theorist but I note there was an after-market trade today (7 August) of just under 260,000 shares at the closing price. And a much smaller one for about another 13,000 shares has just gone through.
That sort of after-market activity started to become a bit of a regular feature in a stock I was following and resulted in the emergence of a large single shareholder and ultimately a corporate play.
BGL seems to have derisked things a bit with the recent Capital Raise and its current share-price probably provides the best risk/reward/return numbers it has for a long, long while.
Takeover, page-3
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Last
$1.18 |
Change
0.030(2.62%) |
Mkt cap ! $1.503B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.15 | $5.169M | 4.433M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11725 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 185479 | 5 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BGL (ASX) Chart |