Really bad proposition for holders on both sides. It’s a desperation move from HMX and CNB…..and that’s how the market will/should see it.
One company trying to avoid more CR’s and the other trying to create a workable/mineable resource. If CNB thought they had a good enough resource they wouldn’t bother with this transaction. They would mine, make their cash and then buy out a cash strapped HMX in a few years time.
If a merger occurs I expect in present day value shares will hit the 30’s and dilution will hurt many. Poor buggers that bought those cheap shares over $1 must be pretty grumpy at the cheer squad here who banded together to pump the company! Remember those saying $1.22 was too cheap at the last CR…..what a joke they are. No idea how to value a company….then again, basically no idea in general it seems.
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Last
52.0¢ |
Change
-0.005(0.95%) |
Mkt cap ! $89.40M |
Open | High | Low | Value | Volume |
52.5¢ | 53.5¢ | 51.5¢ | $65.86K | 125.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1533 | 52.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 35000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1533 | 0.520 |
1 | 2652 | 0.515 |
3 | 14000 | 0.510 |
1 | 7000 | 0.505 |
2 | 11000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.535 | 50000 | 1 |
0.540 | 42668 | 4 |
0.545 | 5504 | 1 |
0.550 | 7907 | 2 |
0.555 | 600 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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