Don’t think TO is on cards yet. Let them get the customer base and then OEM will have a company that has revenue. Generally speaking anyone will TO company if they have earnings. Once they start having 100+ m revenue these things come in picture. This is not getting sold before the SP is close to $5. Not worth the owners/ managers to look at a bid at these share prices. If there was a dilution of 1:100 shares by say Delta for take over Toby will not make more as he has 1.5 m in kitty. But with this share trading around $5 he will have more earnings. They are bankers so they would be looking at take over but not anytime soon
Don’t think TO is on cards yet. Let them get the customer base...
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Last
68.5¢ |
Change
0.055(8.73%) |
Mkt cap ! $90.65M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 70.0¢ | 65.0¢ | $105.7K | 158.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 5000 | 1 |
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| Last trade - 12.14pm 31/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |