Its hard to say. I'm leaning towards a collaboration to block and enable another bid because Thorney have no reason to sell down. In other words Thorney selling down to friendly fire because they are already significantly invested and they can de risk at current price while holding a sizeable position.
Will be interesting to see. Either way the market downturn works against bag holders but this company has huge growth potential.
Worst case the new holders are hostile and Thorney is acting against us and will be given a stake in the new setup or happy to cash out at $2.6
Ann: Becoming a substantial holder from MS, page-3
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 (20min delay)
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Last
$2.69 |
Change
-0.010(0.37%) |
Mkt cap ! $1.019B | |||
| Open | High | Low | Value | Volume |
| $2.69 | $2.70 | $2.67 | $22.70M | 8.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 232570 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 34152 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$2.68 |
Change
-0.010 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $2.69 | $2.70 | $2.67 | 281812 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| MRM (ASX) Chart |
