Takeover is done by buying shares. Board recommends SH either do or do not sell at the offered price.
The issue for us as SH is that at 90% ownership the buyer can force smaller shareholders to sell (I think).
I don’t think this is what they would want. My view is that they are looking for surety of supply.
Hang on, it could get bumpy.
Ann: Response to Speculation, page-29
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Last
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Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $4.454K | 1.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 158 | 211516641 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 42307391 | 101 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 1516534 | ||
| Last updated 15.56pm 24/05/2024 ? | |||||
| 1MC (ASX) Chart |