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1.3¢ otto energy limited

At least someone is quite happy to gobble them all up at 1.3c!...

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Aji_tsuri

61 Posts.

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14/03/24

14:57

Post #: 72886654
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Originally posted by camban: ↑

That’s what I think too. Imo it goes something like this: mgmt had another exit plan and parked the cap return paperwork to ATO in the interim while working on this, all the while retaining paid staff who would presumably continue under a new owner or $ benefit from a buyout transaction.

But then, for whatever reason, the final valuation premium simply wasn’t going to fly in terms of minority shareholder protections (i.e. for us). So mgmt has been forced to revert to the originally announced/still live cap return focus, while the acquirer (or their below-threshold proxies) is doing one of two things now - either offloading the stakes they had been quietly accumulating to fully walk away, or driving down the price now to buy more so that the deal is reheated and a final valuation premium looks more acceptable to us when finalised.

Just a wild guess, all imo, dyor.

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At least someone is quite happy to gobble them all up at 1.3c! I'll [vainly probably] hope that is a good sign!

OEL Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $62.33M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$9.1K	700K

Buyers (Bids)

No.	Vol.	Price($)
14	12179048	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	15060860	16

View Market Depth

No.	Vol.	Price($)
14	12179048	0.012
7	4831817	0.011
7	14275452	0.010
2	1375122	0.008
2	166837	0.006

Price($)	Vol.	No.
0.013	15060860	16
0.014	5358893	11
0.015	5028050	8
0.016	2000000	1
0.017	72000	1

Last trade - 15.54pm 03/10/2024 (20 minute delay)

OEL (ASX) Chart