I’m December 2021, EMR made its takeover move. Xingao moved in February 2022. The directors, at the time of acceptance, had no rival bid, and considered the EMR bid to be fair and reasonable.
Company directors must act in the company’s best interests. Ms. Mullan has sought to explain why the EMR bid is now not a better offer (as contained in one of the Target Statements). The obligation is a continuing obligation. It is clear that her view is intellectually bankrupt. She can rationalise her view and has done so. It is a laughable position, from a cash perspective and a mining management perspective alone in my view, but her change of mind is permissible!
Ann: Bullseye Mining Limited 05 - Panel Receives Application, page-11
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Last
$3.96 |
Change
-0.080(1.98%) |
Mkt cap ! $2.598B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $4.00 | $3.85 | $4.120M | 1.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27587 | $3.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 5751 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |