MM2,
"Also you will note my previous statement of an example of 1:4 maybe this sort of premium is required as well.."
Not quite sure what you mean by "as well"...as well as what?..not sure NDO have anything else to offer.
1:4 ratio at current NDO price (4.4c) values 1 RAI share at 17.6c...they last closed at 11c, but had recently been to 12c.
Have a look at their price history chart, consider what they've got on this year (the big ones already funded), number of shares on issue, and tell me if you'd let yours go for 17.6c (60% premium).
"can NDO help RAI holders get shareholder value? Thats for them to decide."
That made me laugh...I've been around NDO for a long time and NDO can't even get shareholder value for their own shareholders!
nido petroleum keeping mum on raisama takeover, page-17
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Last
88.0¢ |
Change
0.025(2.92%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 89.0¢ | 85.5¢ | $28.94K | 32.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3908 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18330 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |