I think everything points to a transaction.
The sp isn’t going down - it’s been capped and isn’t going up. Which is what potential bidders would want.
And news is problematic at the point of negotiation around a price. I guess potential bidders don’t want surprises.
Cards are being paid close to chests.
The thing that disappoints is that no one has bothered to build a stake at 1-1.5c as a hedge or a counter bid.
It’s October. Not much longer to wait.
Ann: Entitlement Offer to raise up to $9.9 million, page-124
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $52.97M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $56.50K | 4.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 12011630 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 6141425 | 9 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| OSL (ASX) Chart |