Very heartening to see there have been three unsolicited offers.
Also great they aren't going to accept a lowball offer even if it's at a premium to current market cap.
I am not in this stock for them to sell assets below market price.
Also worthy noting is that earnings to price ratios, themselves, do not account for the large (but non-earning) Montney assets.
I am not that surprised by this outcome given smart players are only going to lowball given the low market cap (relative to assets). Wouldn't be surprised to see a takeover offer in the near-term either.
In the meantime, looking forward to another dividend.
Ann: Company Update, page-3
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Last
1.0¢ |
Change
0.004(66.7%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 1.0¢ | 0.7¢ | $247.9K | 33.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 555555 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1070684 | 8 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |