It's the right response, but I'd love them to explain to the market their reasoning for making the judgement that not proceeding is in the best interest of shareholders - the offer was after all, at a premium to current market value of the company.
Additionally, this will flush out EnergyX - if they want the assets they're going to have to get serious about buying a stake in the company - high alert on that front from here IMO.
Ann: Company Update, page-7
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.24M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $329.9K | 2.697M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 255983 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 121464 | 6 |
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| GLN (ASX) Chart |