The Chinese (Bright) have massive financial resources and 500 mil is nothing to them…the big question is how they are going to play it, fair or turn the screws to take advantage of the situation?
Many of their farmers will have shares in SML and I believe Bright will be very aware of this fact…hurting them is not long term smart,
My thoughts are Bright want SML, and doing it in a JV with A2 makes the most sense, both financially ( come on 250 mil for either of these companies is small change) and politically ( it will be foreign ownership within a more palatable shroud)…
Had all this posturing and positioning by both companies just been negotiating tactics between themselves ? Only time will tell…but if you were going to make a takeover offer now’s a pretty good time considering the SP…
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $77.59M |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 34.5¢ | $184.3K | 518.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2499 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 1942 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2499 | 0.355 |
2 | 10859 | 0.350 |
3 | 87013 | 0.345 |
2 | 5888 | 0.340 |
1 | 900 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 2599 | 1 |
0.400 | 16000 | 2 |
0.405 | 7471 | 2 |
0.415 | 2400 | 1 |
0.430 | 15000 | 1 |
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