A takeover off is more likely when the price has been suppressed (like it has been). The calm before the storm.
I wouldn't be surprised if a lowball offer comes in at around 55-60 as a starting point.
55 looks more attractive when we are sitting at 43 cents compared to when we were at 49 cents doesn't it ?
The manipulation of the price will continue until Gina is ready to make the offer. She knows exactly when it will happen and it will happen on her terms.
Ann: Macquarie Australia Conference, page-157
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $501.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $1.170M | 6.732M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1634397 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 617607 | 7 |
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| STX (ASX) Chart |