1) Why does Shandong Gold require 51% if they are only interested in holding FML for investment value of future dividends? 30-45% would provide a similar investment return with less chance of issue with existing holders.
2) Who paid more than 5 cents a share for holdings, and if so why do you think it is only worth 5 cents now to sell a controlling interest?
3) Who has been selling the price down so much, and why have the larger shareholders not bought in if it is such a good deal? In fact why are not all supports of this deal buying up big now, do they expect the price to go even lower?
PS hold sentiment only because I bought in to price drop last week hoping for a bounce.
3 simple questions on sale to shandong
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $53.01M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $1.968K | 10.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17316 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 54000 | 1 |
View Market Depth
| Last trade - 14.21pm 08/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |