The key lesson for me in this whole episode is that if you are a minnow, avoid pre-emptive rights in your JOA.
PE completely ruins any sale process. Either a buyer has to pay over the odds to avoid PE (unlikely) and secondly why would anyone put a serious offer on the table if it is likely to get pre-empted, so you end up with cheeky low ball bid on the off chance that it won't get pre-empted.
Pity there wasn't a better alternative to sale.
Ann: FAR Senegal Sale Announcement, page-191
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 (20min delay)
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Last
44.0¢ |
Change
-0.015(3.30%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.0¢ | $30.11K | 67.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 300668 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 1208 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
Change
-0.015 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 44.5¢ | 44.0¢ | 24728 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| FAR (ASX) Chart |