EUR 2.08% 4.9¢ european lithium limited

actually it is cheap to be a take over target, with the other...

  1. 188 Posts.
    lightbulb Created with Sketch. 244
    actually it is cheap to be a take over target, with the other projects and also the CRML shares trading now, if it is a takeover target, shareholders are definitely going to get a lower value, would not make sense to buyout if I am not able to make at least double my return for the risk.

    HOWEVER highly unlikely one person/fund will do this, will be done collectively as non-related entities to control EUR, why because don't forget that even in a buyout, the company buying out and controlling EUR cannot sell all the shares at one go on the NASDAQ as it is a controlling holder, hence the risk part. So if done with few parties involed then possible as there will be no one controlling shareholder "directly".

    It is SEC rule 144, where the controlling holder cannot sell more than 1% of the outstanding stock every 3 months or the average of previous months trading volume, whichever is greater, plus they have to give a notice of sale for any amounts more than $50,000, hence why jeff bezos had to do this with his amazon stock.
 
watchlist Created with Sketch. Add EUR (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
0.001(2.08%)
Mkt cap ! $68.50M
Open High Low Value Volume
4.8¢ 4.9¢ 4.6¢ $60.87K 1.284M

Buyers (Bids)

No. Vol. Price($)
1 3281 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 201903 6
View Market Depth
Last trade - 14.21pm 04/06/2024 (20 minute delay) ?
Last
4.8¢
  Change
0.001 ( 4.35 %)
Open High Low Volume
4.6¢ 4.8¢ 4.6¢ 234691
Last updated 14.31pm 04/06/2024 ?
EUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.