Great point. I went back and calc'd Chijin's buy in over 3 tranches, bulk of which is the placement from a year ago, at exactly 58c.
They're not accepting this offer by any stretch, it's only about an ~8% return, see below.
Board had no obligation to release this announcement and there's no recommendation attached.
It was strategic to flush out shorters and force re-rate IMO.
Great point. I went back and calc'd Chijin's buy in over 3...
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Last
67.5¢ |
Change
-0.005(0.74%) |
Mkt cap ! $769.0M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 68.0¢ | 67.5¢ | $2.118M | 3.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 116235442 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 32184119 | 111 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
67.5¢ |
Change
-0.005 ( 0.37 %) |
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| Open | High | Low | Volume | ||
| 67.8¢ | 68.0¢ | 67.5¢ | 938003 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| TIE (ASX) Chart |