This share price is a worry. Now is the time to take it over for anyone that wants it. Australian super owns 20% so that is an important blocking stake. And I am sure the board has a strategy in place that if it happens they will invite as many bidders so that it does not go too cheap.
Remember a few years back Glencore was knocking on their door with A$2 Billion offer on the quite. Not just graphite that they were after but Vanadium as well. Currently, it has $165 million and US$65 million in cash (about A$95 million in Aussie).
At 40 cents per share, they would want at least $1.60 to $1.90 I'd reckon .Potential bidders? Glencore, South 32, A Chinese company, General Electric or even Tesla (using high price scrip).
Good companies with a long term view buy up other companies on the cheap when the markets are down.
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This share price is a worry. Now is the time to take it over for...
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $232.8M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.5¢ | $1.802M | 7.921M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 1034048 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 443295 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 1034048 | 0.220 |
11 | 2519858 | 0.215 |
18 | 477024 | 0.210 |
3 | 320000 | 0.205 |
34 | 800565 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 443295 | 9 |
0.235 | 226020 | 5 |
0.240 | 169251 | 5 |
0.245 | 77688 | 5 |
0.250 | 98737 | 5 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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