P,
Impossible questions to answer with any degree of certainty.
I am one of those who has considered a low ball takeover.
If it were to happen tomorrow, these are some thoughts..
The number of shares issued in FML could be a good defensive tool. I think any entity considering a takeover would have to consider FML a difficult takeover prospect...like trying to herd cats.
Anything under 10c would not gain traction.
10-14c would get peoples attention.
15-18c a large number of sales but would it get a comulsory acquisition ..I don't think so.
I would consider guidace from the board very strongly.
I think that it would take a strong recommendation from the board to facillitate the venture.
These are just gut feelings from a long term holder and as I have said before in this forum, gut feelings are worth nothing really.
Juju
sh activity, page-5
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $53.01M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $13.12K | 70.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 118797 | 4 |
View Market Depth
| Last trade - 15.45pm 01/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |