I think a possible strategy would be to mop up all the cheap shares that are currently in the market by getting all the larger institutional shares just waiting to sell (a la Mr 1,000,000 shares yesterday at 1.38pm).. After that which may possibly be 1% or 2% worth of the the total shares, they would hit a wall and the share price would increase.
After that a possible takeover offer at $2.50 plus would probably shake the tree and get them another 10% - 30%. Unsure what they would do after that as the compulsory takeover rules require a 90% shareholding.
I think a possible strategy would be to mop up all the cheap...
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Last
23.3¢ |
Change
0.013(5.68%) |
Mkt cap ! $78.70M | |||
| Open | High | Low | Value | Volume |
| 22.8¢ | 23.3¢ | 22.5¢ | $18.36K | 79.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5397 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 149266 | 10 |
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| Last trade - 12.36pm 16/08/2024 (20 minute delay) ? |
| PAR (ASX) Chart |