Australia's largest stock trading and investment forum Australia's #1 stock forum

CKA

Click for more information

9.33%

8.2¢ cokal limited

Depends on their endgame and timeframe. They could anticipate...

First 135 Last

Share
Profile

Follow
playdough

925 Posts.

374

02/05/19

16:32

Post #: 38379562
Share

Originally posted by ShareJagger: ↑

The meek shall inherit the earth.
I have not seen the games played in the auction period for a very long time.
In the end the shares bid for 5.8 was withdrawn leaving the downward manipulator with a few unsold shares.
Patience will most likely be rewarded.
It is really the finance deal structure and the size of the reward that is uncertain. It is fact (IMO) that there will be a deal.
Aahana has too much money in the pot.
In effect, every time they screw a $1 out of Cokal, they screw themselves for 25 cents. (after they cash in the 37.5 M options)

Expand

Depends on their endgame and timeframe. They could anticipate that any price rise will result in lots of holders unloading at prices like which you outlined this morning. The worse a deal they can get signed off, the more limited the price appreciation, the more company and control they have.

CKA Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PFE

Pantera begins drilling of maiden test well at Smackover

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

First 135 Last

Add CKA (ASX) to my watchlist

(20min delay)
Last 8.2¢		Change 0.007(9.33%)		Mkt cap ! $88.47M

Open	High	Low	Value	Volume
7.9¢	8.2¢	7.9¢	$11.99K	149.4K

Buyers (Bids)

No.	Vol.	Price($)
1	13450	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	254179	3

View Market Depth

No.	Vol.	Price($)
1	13450	0.075
1	20000	0.074
2	105000	0.072
1	98956	0.070
1	14720	0.068

Price($)	Vol.	No.
0.082	254179	3
0.085	174410	1
0.086	10348	1
0.089	40750	1
0.090	237543	3

Last trade - 16.10pm 07/11/2024 (20 minute delay)

CKA (ASX) Chart