Nope. A takeover does not require a company to build up its stake to 20%. In fact it does not have to own any shares in the targetted company to launch a takeover. But building up a stake slowly is normal practice to average down the all-up cost of launching a bid. The share price rise may just be related to a re-rating by the market as it does seem undervalued in the context of its expected enterprise value given the exploration leases.
Nope. A takeover does not require a company to build up its...
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Mkt cap ! $1.840M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 22332608 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10097493 | 11 |
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