The more I think about it, the more I believe if they want a TO, it will need to be done within the next 6 months as waiting until cash is nearing 500m post a BI payout would be silly.
Maybe they are however a genuine LT shareholder looking to maximise value like the rest of us.
Tokyo, agree that an acquisition of a HRR type company or asset would be ideal medium to LT, but I get a sense they are seeking a revenue producing asset, not a development asset. They did indicate they are open to acquiring more than one asset but locking in a future revenue stream is likely to be the focus.
The more I think about it, the more I believe if they want a TO,...
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $7.689M | 25.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1568943 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 151851 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |