It is amazing that Zhaojin have chosen not to bump the offer up to at least 80c if they were serious about buying the company.
Hanging around with a low-ball bid while the mine ramps up does make them appear rather stupid.
Furthermore, the market price has consistently exceeded the offer price.
Message to Zhaojin: your offer is inadequate!
Another question begging for an answer is: why haven't management beat the bushes to find a counter-bidder.
If we hope to get a full price for this investment, then we need a bidding war - thus a second buyer with serious intent.
The Board and Management have a duty to go find one.
I think an announcement to the effect that they are appointing a professional corporate advisor with a mandate along these lines would further bolster market interest and the share price.
The stock still looks cheap as chips.
GLTA.
DDD
- Forums
- ASX - By Stock
- TIE
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TIE (ASX) to my watchlist
(20min delay)
|
|||||
Last
67.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $771.0M |
Open | High | Low | Value | Volume |
67.0¢ | 67.5¢ | 67.0¢ | $342.1K | 508.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1906821 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 1249356 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1906821 | 0.670 |
4 | 10540738 | 0.665 |
4 | 30425541 | 0.660 |
4 | 11021554 | 0.655 |
2 | 8080 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 1249356 | 12 |
0.680 | 6860033 | 58 |
0.685 | 61609 | 3 |
0.690 | 45007 | 5 |
0.700 | 13392 | 6 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
Last
67.5¢ |
  |
Change
0.000 ( 0.37 %) |
|||
Open | High | Low | Volume | ||
67.0¢ | 67.5¢ | 67.0¢ | 133357 | ||
Last updated 15.59pm 21/05/2024 ? |
Featured News
TIE (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online