I happen to believe (along with more knowledgeable people than me) that either Sibelco or Imerys will launch a takeover bid before the DFS is released at the end of the year.The value of the halloysite is astronomical and even a 20c bid for ADN will be cheap in their eyes.
This was posted by Harry Kane on the mep thread:
this takeover theme has my interest as i wonder if he’s has contacts regarding this.
Ann: Pre-Feasibility Study Further Improves Poochera Economics, page-297
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $62.20M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $49.00K | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2617961 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 20738 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |