The announcement said they were currently collating the results.
So I imagine we are talking somewhere between now and 2 weeks.
QGL can extend the takeover, potentially I believe forever. I think it is very likely they will extend again.
My personal view is that they are extending the bid, because the cost of letting the bid lapse and then rebidding at a later date would be expensive. I believe they have already gone to the Foreign Investment Revue Board for takeover approval and probably dont want to go through that process again. So I think QGL are potentially waiting for a big boost in their share price once they get funding which may not be that far away.
Then you could potentially see a modified/sensible bid for LML.
The announcement said they were currently collating the...
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Last
0.7¢ |
Change
0.001(7.69%) |
Mkt cap ! $11.92M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $11.28K | 1.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 15521736 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1521764 | 1 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 996765 | ||
| Last updated 14.59pm 08/05/2024 ? | |||||
| LML (ASX) Chart |