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Meant to add, the deal will probably require both FYI & Alcoa of...

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Red Baron

4,170 Posts.

7058

30/07/21

10:52

Post #: 54897390
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Originally posted by Red Baron: ↑

Only 3 trading days till the expiry of the 90 day exclusivity period.

I'd say a few nervous holders taking some profits the last few days, I completely understand everyone has a different risk tolerance, Just as there are investors who want to see the deal before buying, there'd also be those that planned to exit in say the last week if no deal had been announced. I'd be lying if I said I wasn't a tad nervous myself.

Roly has been confident of an outcome within this period, they are certainly using every part of it. The negotiations are obviously still taking place or we would have heard. If they were miles apart on the commercial terms it would have been terminated by now. But that is not the case so probably a bit of argy-bargy on the minor points.

Although not a deadline, I think both parties have treated it as such. After this amount of time I believe the chances are now very small it'll fall over, Possible they may need a week or 2 more, though still think it'll be done within the 90 days.

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Meant to add, the deal will probably require both FYI & Alcoa of Australia's Board approvals. (or the partner Boards)
It's likely the Board's inked in a meeting at the end of the 90 day period to give the process the maximum time to complete.
So it's quite likely the deal is agreed on, just needs these Board rubber stamps.

FYI Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.2¢		Change -0.002(3.70%)		Mkt cap ! $19.28M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.2¢	$31.56K	601.4K

Buyers (Bids)

No.	Vol.	Price($)
2	607259	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	10000	1

View Market Depth

No.	Vol.	Price($)
2	607259	0.051
3	61812	0.050
1	20800	0.048
1	25000	0.040
1	15000	0.035

Price($)	Vol.	No.
0.057	10000	1
0.059	54000	2
0.060	56000	3
0.065	64169	1
0.066	48000	2

Last trade - 15.52pm 28/10/2024 (20 minute delay)

CCM (ASX) Chart

Meant to add, the deal will probably require both FYI & Alcoa of...

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Meant to add, the deal will probably require both FYI & Alcoa of...

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