Counter cyclical takeover probability increases with decreasing sp, = less premium a predator would need to make to convince longs to take their tail between their legs. While some would hold out for crusted on premiums of a latter offer if it didnt reach 90% compulsory in the first go.
Getting a bit ridiculous the valuation. But has been in that tea cup for a while, if any of the bets prevail.
Not long to go in the scheme of things, for to Renard, or Not to Renard, big boy pants time for CE. And bring in that strategic who bets on guarantee of supply.
IMO, wet their appetite for the milk, then sell them the whole cow.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-55
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $30.48M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $84.47K | 660.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 74229 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 194848 | 5 |
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| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| WR1 (ASX) Chart |