I see you are now flagged as a holder, guess the 13.5-14c range convinced you to dip your toe in the pond, not exactly sure when you bought in.
The for sale sign is probably dependent on Datt, I just did a quick scan of substantial shareholder notices and I get the following for him.
38,298,559 shares bought for $8,727,354.41 or an average price of $0.2279. He has 38,845,748 shares total so I have missed 547,189 shares somewhere, but that is unlikely to change the average substantially. All up he has 16.5% of the company, so a blocking stake for a complete takeover.
The company knocked back stakes offer at 17.5c/share, so what would he/they be willing to take? I am guessing it would have to be north of 20c before they would come to the table, it just comes down to if he is willing to suffer a (small) loss to get his cash off the table, or, after the 4+ years that he has been invested that he would want to walk away with some profit to show for the near $9m invested so far.
But north of 20c is a tough ask given you could recently buy at 13/13.5c!
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.02M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $1.25K | 10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 154214 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 6451 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 154214 | 0.120 |
5 | 171401 | 0.115 |
4 | 324545 | 0.110 |
4 | 83000 | 0.105 |
3 | 41980 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 6451 | 1 |
0.130 | 86722 | 2 |
0.135 | 138960 | 5 |
0.140 | 304026 | 10 |
0.145 | 209001 | 6 |
Last trade - 13.09pm 02/09/2024 (20 minute delay) ? |
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SWF (ASX) Chart |