or a $5 bn market cap CUAN (PT Daya Bumindo Karunai) can throw some pennies and buyout a $50 mn CKA (1/100th the size) and have it all ! CKA has no bargaining power -- CUAN can sit on its license for another 10 years if they want and mint cash elsewhere, and wait for CKA to bleed dry over the next few months, then swoop in and acquire it all.
Here's an example where a geologist doesn't understand the market and market makers rightCash keeps the lights on, not the coal in the ground.
or a $5 bn market cap CUAN (PT Daya Bumindo Karunai) can throw...
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 (20min delay)
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Last
9.5¢ |
Change
0.001(1.06%) |
Mkt cap ! $102.5M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.8¢ | 9.3¢ | $16.34K | 173.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6518 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
9.5¢ |
Change
0.001 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| 9.6¢ | 9.7¢ | 9.3¢ | 108473 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| CKA (ASX) Chart |