That is a fair point HC. A bid will definitely trigger a rerate regardless of its outcome. It may even put it on the radar of other potential suitors and create a bidding war. If a bid fully reflects the value of our reserves and contingent resource, plus some of the potentials from Haber, it may be tempting
42mn shares is not a lot relative to the total no of outstanding shares, so I wouldn't go as far as saying a bid will create a short squeeze. But relative to the typical depth and volume, covering them will definitely create significant upward pressure on the price.
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Last
20.0¢ |
Change
0.035(21.2%) |
Mkt cap ! $573.0M |
Open | High | Low | Value | Volume |
18.0¢ | 20.0¢ | 17.8¢ | $5.012M | 26.23M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 435841 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 2021336 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 435841 | 0.195 |
11 | 1396589 | 0.190 |
10 | 1131602 | 0.185 |
13 | 870844 | 0.180 |
14 | 905731 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1768936 | 29 |
0.205 | 2704157 | 19 |
0.210 | 985819 | 16 |
0.215 | 2643083 | 8 |
0.220 | 429132 | 7 |
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