Standard opening response by board of target.
Even if it smells sweet at first instance and Board might be drooling over the offer, the Board obligated not to give positive response and to cover their arse, they will but put negative response etc... and also just in case it attracts other bidders..
Imagine the shit if the Board immediately jump for joy on this offer and support it, and later someone comes in with higher offer and they will get shit on their face.. They will normally get advisors into provide independent view and act on those recommendations to cover their stinking ass.
In the case of LML, isn't it kinda strange that an offer comes so close after almost a total change of Board ?
I must say, this is likely a done deal..
Good luck Linconians...
- Forums
- ASX - By Stock
- LML
- Ann: Response to bidders statement
Ann: Response to bidders statement, page-6
-
- There are more pages in this discussion • 9 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add LML (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $8.513K | 1.423M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 14667321 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 9728085 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 14667321 | 0.005 |
29 | 18310086 | 0.004 |
14 | 12289995 | 0.003 |
6 | 7899980 | 0.002 |
6 | 12699980 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 9728085 | 12 |
0.007 | 12134827 | 10 |
0.008 | 8748210 | 10 |
0.009 | 7021429 | 4 |
0.010 | 1500000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LML (ASX) Chart |