So Gemcorp need to buy another 30% from an available 40% float.
Three possibilities:
-My sense is that at 0.16, given it is such a good deal, they might waive the 50% condition. They obviously already have a large holding and they will make it bigger. They can always come back later with another bid.
-Gemcorp increasing the price to attract more sellers.
-Another bid to come through.
Whatever happens, a short-term floor at 0.16 seems likely.
So Gemcorp need to buy another 30% from an available 40% float....
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.27M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $1.602K | 9.154K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3847679 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 2509481 | 36 |
View Market Depth
| Last trade - 15.19pm 23/08/2024 (20 minute delay) ? |
| SRX (ASX) Chart |